...

NYMEX crude falls $2, down below $61, erases gains

Business Materials 11 November 2008 06:17 (UTC +04:00)

U.S. crude oil futures fell over $2 a barrel in electric trade on Tuesday, erasing gains from the previous day when crude rose 2 percent as China's stimulus package and Saudi Arabia's pledge to cut supplies boosted prices, Reuters reported.

By 0146 GMT (8:46 p.m. EST), NYMEX crude for December delivery eased back to be down $1.98 a barrel at $60.44 on the Globex electronic trading platform.

Latest

Latest