U.S. oil had dropped 86 cents on Monday after forecasts showed Dean would not hit U.S. oil production and refining facilities on the Gulf of Mexico.
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Oil Plunged As Hurricane Weakened
Oil plunged 3 percent to $69 a barrel on Tuesday as Hurricane Dean weakened
Oil plunged 3 percent to $69 a barrel on Tuesday as Hurricane Dean weakened, easing concerns that the powerful storm would disrupt Mexican and U.S. oil operations.
U.S. crude fell $2.02 to $69.10 a barrel by 17.11 GMT, after trading down to $68.93 earlier. London Brent crude gave up $1.41 to $68.44.
U.S. oil had dropped 86 cents on Monday after forecasts showed Dean would not hit U.S. oil production and refining facilities on the Gulf of Mexico.
U.S. oil had dropped 86 cents on Monday after forecasts showed Dean would not hit U.S. oil production and refining facilities on the Gulf of Mexico.
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