Petroleum futures continue slide on macroeconomic concerns

摘要

Petroleum futures continued to slide May 3 on concernsthat the recent banking crisis, and another hike in interest rates,would slow economic growth.NYMEX front-month crude settled $3.06 lower at $68.60/b,while ICE front-month Brent settled at $72.33/b, down $2.99/b.In refined products, NYMEX front-month RBOB settled 11.36cents lower at $2.3221/gal, while NYMEX front-month ULSDsettled 5.69 cents lower at $2.2323/gal.