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Updated from 2:29 p.m. EST
Crude futures dropped again Tuesday after a Saudi official downplayed the need for OPEC to plan further production cuts to boost the price of oil.
Nearby contracts for light, sweet crude closed down $1.78 at $51.21 a barrel on the New York Mercantile Exchange. The oil exchange-traded fund iPath Goldman Sachs Crude Oil(OIL Quote) also moved lower, giving up 2.8%.
The price of natural gas rose 4 cents to close at $6.64 per million British thermal units. Heating oil was at $1.48 a gallon, down 2 cents, while gasoline dipped 6 cents to $1.37. ...
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
|
|
-1.48%
|
-1.72%
|
-1.73%
|
-1.46%
|
Data delayed 20 minutes |
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