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Oil Price Drops Below $75
SINGAPORE Published in Saudi Press Agency on 13 - 07 - 2010

Oil prices fell below $75 a barrel Tuesday in Asia, the Associated Press reported.
Benchmark crude for August delivery was down 37 cents to $74.58 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. The contract lost $1.14 to settle at $74.95 on Monday.
In other Nymex trading in August contracts, heating oil fell 0.68 cent to $1.9845 a gallon, gasoline dropped 0.35 cent to $2.0245 a gallon and natural gas rose 2.0 cents to $4.408 per 1,000 cubic feet.
Brent crude was down 30 cents to $74.07 a barrel on the ICE futures exchange.

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