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Oil Update: Futures Slide As Inventory Dips

Stock quotes in this article: XOM , COP , OXY , HES  

Following a report showing a drop in oil stocks this morning, prices on oil futures slipped too.

On the New York Mercantile Exchange, light, sweet crude for August delivery dropped 58 cents to settle at $69.31 per barrel today. The move down came after the contract's leap past the $71 mark this morning.

Today, the Energy Information Administration said that, for the week ended that June 26, crude inventories dropped by 3.7 million barrels. That was well more than average estimates. ...

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Dow Jones S&P 500 NASDAQ 10-Year Note
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Oil *
79.69
UP
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UP
13.23
UP
31.21
UP
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