Oil prices drop as economy still looks shaky

Posted by Oilism.com on September 1st, 2010 at 02:39pm

Oil prices drop as economy still looks shaky
Some of the economic news was a little better on Tuesday, but it was not enough to keep oil prices from dropping again. Benchmark crude for October delivery lost .78 to settle at .92 a barrel on the New York Mercantile Exchange. At the pump the national… New York Mercantile Exchange – Benchmark – Barrel – Business – Price of petroleum
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Commodities: Oil retreats ahead of economic data
LONDON (SHARECAST) – Crude oil futures fell on Monday as traders gear up for this week’s long line of economic data. Crude oil for October delivery settled 47 cents lower at .70 a barrel on the New York Mercantile Exchange.
Read more on ShareCast

Oil May Fall to If ‘Pivot High’ Holds: Technical Analysis
Crude oil may decline as low as a barrel in New York if prices remain capped by a “pivot high” at .47, according to technical analysis by Barclays Capital.
Read more on BusinessWeek

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