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Oil Sinks Below $120

Stock quotes in this article: BP , CVX , TOT , XOM , USO  

Crude oil futures are falling hard for the second day in a row Tuesday, as traders lose interest in Tropical Storm Edouard in the Gulf of Mexico and instead focus on bearish indicators for the global supply and demand of crude.

Texas light crude for September delivery was recently down $2.05 at $119.36 a barrel at the New York Mercantile Exchange, and Brent crude was losing $2.66 at $118.02. Reformulated gasoline was 5 cents off at $2.95 a gallon, and heating oil was falling 4 cents at $3.31 a gallon.

Near-term natural gas was edging 7 cents higher at $2.95 per million British thermal units. ...

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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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