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Crude Oil dips after breaching $73

June 15, 2009 @ 7:49 am In Oil Company News

Oil prices slipped on profit-taking and a surge of the dollar, one day after striking 2009 peaks above $73 on signs of recovery for energy demand, traders said. New York's main futures contract, light sweet crude for delivery in July, sank 51 cents to 72.17 dollars a barrel. The contract had hit $73.23 on Thursday — which was the highest level since last October.

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[1] here: http://economictimes.indiatimes.com/Economy/Oil-declines-after-breaching-73/articleshow/4650822.cms

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