The looming end of the peak driving season in the United States and worries that higher oil prices could eat into economic growth had set the stage for a downward correction. But the market's bullish tone remained intact and analysts foresaw more volatile trading days ahead.
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Oil Costs $65
Oil prices closed with losses on Tuesday as investors began to bale out of gasoline in the last two weeks of the peak-demand
Oil prices closed with losses on Tuesday as investors began to bale out of gasoline in the last two weeks of the peak-demand US driving season.
US light crude fell 65 cents to $65.00 a barrel on the NYMEX.
London?s Brent crude lost 55 cents to $63.95 a barrel on the IPE.
The looming end of the peak driving season in the United States and worries that higher oil prices could eat into economic growth had set the stage for a downward correction. But the market's bullish tone remained intact and analysts foresaw more volatile trading days ahead.
The looming end of the peak driving season in the United States and worries that higher oil prices could eat into economic growth had set the stage for a downward correction. But the market's bullish tone remained intact and analysts foresaw more volatile trading days ahead.
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