As supply worries faded, concerns about the battered stock market's drag on global demand came to the forefront once mor
Oil prices fell Tuesday on worries about global stock markets.
Light, sweet crude for September delivery fell 36 cents to $70.76 a barrel on the New York Mercantile Exchange, midmorning in Singapore.
Hurricane Dean strengthened into a monstrous Category 5 storm Monday, but it didn't appear that the storm would cause much damage to operations in the United States.
As supply worries faded, concerns about the battered stock market's drag on global demand came to the forefront once more.
Many speculative investors looking to make fast money have exited the market, analysts say.
