Oil price reaches to near $71

Oil prices slipped to near $71 a barrel Wednesday in Asia, The Associated Press reported.
Benchmark crude for September delivery was down 25 cents
to $71.17 a barrel by midday Singapore time in electronic
trading on the New York Mercantile Exchange. On Tuesday,
the contract fell 16 cents to settle at $71.42.
In other Nymex trading, gasoline for August delivery fell
1.67 cents to $2.04 a gallon and heating oil dropped 0.99
cents to $1.89. Natural gas for August delivery slid 3.3
cents to $3.97 per 1,000 cubic feet.
In London, Brent prices fell 13 cents to $74.15 a barrel
on the ICE Futures exchange.