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Morning Oil Report: Crude Floating Near $70

Stock quotes in this article: XOM , APC , NBL  

If anyone has any thoughts on where oil is headed, go ahead and throw it out there because it's anyone's guess now.

Crude oil prices floated around the $70 mark during the electronic trading session on the New York Mercantile Exchange early Wednesday. Following a mix of economic data reports, light, sweet crude for July delivery lost 15 cents on Tuesday to settle at $70.47 a barrel. This marked the third straight day of declines. The price has rocketed in recent weeks fueled by a weak dollar.

The price per barrel has traded between $69 and $71 Wednesday. It's currently at $70.09, down 38 cents. ...

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