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Article: Oil Prices Decline to $57 Per Barrel
- Article from:
- AP Online
- Article date:
- June 29, 2005
- Author:
CopyrightThis material is published under license from the Associated Press. All inquiries regarding rights should be directed to the Associated Press. (Hide copyright information)
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BRAD FOSS, AP Business Writer
AP Online
06-29-2005
Dateline: WASHINGTON
An SUV passes a gas station in Rockville Centre, N.Y., Wednesday, June 29, 2005. Oil prices fell by almost $1 a barrel Wednesday morning after the U.S. government released data that showed domestic supplies of oil, gasoline and distillate fuel rose last week.
Oil prices fell by almost $1 a barrel Wednesday after the U.S. government released data showing an increase in domestic supplies of oil, gasoline and heating oil.
Crude futures have declined by more than $3 a barrel in the past two days, retreating sharply from the $60 a barrel level Tuesday in trading that brokers attributed to profit-taking.
On Wednesday, light ...