Tuesday, May 29, 2007

Crude Oil Prices Decline, Tuesday, May 29, 2007 12:14:02 PM

Crude oil plunged to its lowest level in nearly two weeks on Tuesday in U.S. trading. Light sweet crude for July delivery was at $63.37, down $1.18 for the session. It got as low as $63.34.

Oil slipped as an oil worker strike ended in Nigeria. In addition, experts feel supplies will be adequate for the summer driving season.

Natural gas advanced 5.8 cents to $7.578, heating oil slipped 2.02 cents to $1.8878 and gasoline was little changed at $2.404.
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