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Updated from 2:06 p.m. EDT
Oil futures erased an early run-up and ended just slightly higher Tuesday, as the Energy Department toned down some price predictions for the second quarter.
June crude closed up 4 cents at $52.07 a barrel on Nymex trading. An electrical outage at ConocoPhillips'(COP Quote) refinery in Louisiana, which produces 250,000 barrels a day, kept gasoline higher by 3 cents at $1.51 a gallon.
The Energy Department published a monthly update Tuesday in which it cut its estimate of crude oil's average cost in the second quarter by $6, to $51 a barrel. It also lowered its projection for the average price of gasoline during the months of April through September to $2.17 a gallon, from $2.28. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
Oil *
77.12
|
|
DOWN
154.48
|
DOWN
19.14
|
DOWN
37.61
|
DOWN
0.48
|
10 Yr
3.23%
SPDR Gold
115.06
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|
-1.48%
|
-1.72%
|
-1.73%
|
-1.46%
|
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