Crude Tests New High of $75, But Slides Lower on Profit-Taking

摘要

Nymex October futures shed $2.32 toward a $72.05 per barrel close Tuesday, losing ground for the first time in six trading sessions as October Brent on ICE Futures fell $2.44 to $71.82. "The inability of the market to extend past $75 is causing some profit-taking," said Michael Fitzpatrick at MF Global. The prompt Nymex contact reached an intraday high of precisely $75 early on Tuesday after setting a new high for the year on Monday.