Crude, Product Prices Take Hit as Traders Trigger Big Sell-Off

摘要

Crude and product prices took a big hit Tuesday as traders fled a market many have described as being overbought while also eyeing looming problems in Ireland and Portugal. Nymex December crude futures fell $2.52 to close at $82.34 per barrel while in Lon- don on ICE Futures, January Brent settled at $84.73, down $2.03. Nymex December gasoline contracts dropped 3.93￠ to end at $2.1557 per gallon. December heating oil finished at $2.3090, down 6.19￠.