| 03.08.2011 - Oil prices sink on weak outlook |
| Crude oil prices settled in negative territory Tuesday as worries about a weakening economic recovery in the U.S. and troubles in Europe took precedence over the passage of a debt ceiling deal that would help the country avert a default. West Texas Intermediate light sweet crude oil for September delivery shed $1.10 to settle at $93.79 a barrel, while Brent crude oil futures for September delivery fell 25 cents to $116.56..............................................Full Article: Source |