Oil Slips On Hopes Of Stabilizing Iraq

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Oil Slips On Hopes Of Stabilizing Iraq

by Wochit 0:47 mins

Oil Slips On Hopes Of Stabilizing Iraq

by Wochit 0:47 mins

The price of oil declined for the third straight day Monday on signs that the insurgency in Iraq has been slowed and may be turned back. Benchmark U.S. crude for August delivery fell 37 cents to close at $105.37 a barrel in New York. The contract has fallen for three days in a row and five out of the last six trading days after closing at 10-month high of $107.26 on June 20.

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