Crude for July delivery fell nearly 4%
2009 June 23
Crude Oil for July delivery, which expired yesterday, fell nearly 4% to below $ 67 per barrels as the dollar firmed and concerns on the economy weighed on the market. The August contract fell more than 3% to settle at $ 67.50 per barrel.
World Bank lowers the growth forecast. It said that the recession will deepen and predicts 2.9% contraction. Nymex Crude August contract declines 3.8% to low of $ 66.93/bbl and was trading around $ 67.50/bbl, which is at 2-week lows.
No related posts.
Subscribe to Stock Market Today