Oil Falls to Five-Month Low Thanks to Higher U.S. Supply

Obama must be furious that the EPA has allowed this to happen.
Check it out:

The price of oil fell to a five-month low Tuesday as investors worried about higher U.S. supplies.

Gold, silver and copper prices fell. Crop prices were mixed.

Crude oil for December delivery fell $2.10, or 2.2 percent, to close at $93.04 a barrel in New York.

Oil prices fell as traders anticipate another increase in U.S. crude supplies for the week ending Nov. 8, according to a survey of analysts by Platts, the energy information arm of McGraw-Hill Cos. That would mark the eighth straight weekly increase.

In other energy trading, wholesale gasoline lost 1 cent to $2.59 a gallon, heating oil slipped 4 cents to $2.85 a gallon and natural gas advanced 4 cents to $3.62 per 1,000 cubic feet.

December gold fell $9.90 to $1,271.20 an ounce.

GET MORE STORIES LIKE THIS

IN YOUR INBOX!

Sign up for our daily email and get the stories everyone is talking about.

Email

Previous post

Small Victory Demonstrates GOP's Potential with Union Voters

Next post

Senate to Pass Bill to Track Prescription Drugs, Expand FDA's Reach

Join the conversation!

We have no tolerance for comments containing violence, racism, vulgarity, profanity, all caps, or discourteous behavior. Thank you for partnering with us to maintain a courteous and useful public environment where we can engage in reasonable discourse.