Crude Falls Below $72 as Stockpiles Grow –

Energy , Energy Sep 01, 2010 No Comments

Crude futures tumbled Tuesday, settling below $72 a barrel as investors turned their attention toward increasingly high U.S. oil supplies and the slowing economy.

Light, sweet crude for October delivery settled $2.78, or 3.7%, lower, at $71.92 a barrel on the New York Mercantile Exchange. Brent crude on the ICE futures exchange settled down $1.96, or 2.6%, at $74.64 a barrel.

via Crude Falls Below $72 as Stockpiles Grow –

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Rod Sherkin

Rod is a former senior executive, responsible for Purchasing, for both Pillsbury and Ball Packaging back in the 80’s and 90’s. Since then, he has continued to work in the Purchasing field as both a consultant and founder of the website

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