Oil falls to near $72 in Asia on economic fears

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Oil falls to near $72 in Asia on economic fears

Associated Press - August 24, 2010 5:14 AM ET

KUALA LUMPUR, Malaysia (AP) - Oil prices sank to near $72 a barrel today in Asia as regional markets fell amid fresh concerns about the pace of the global economic recovery.

Benchmark crude for October delivery was down 84 cents at $72.26 a barrel at midday Kuala Lumpur time in electronic trading on the New York Mercantile Exchange. The contract fell 72 cents to settle at $73.10 on Monday, after hitting a high of $74.88 earlier in the day.

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Oil falls to near $72 in Asia on economic fears - MSNewsNow.com - Jackson, MS

Oil falls to near $72 in Asia on economic fears

Most Popular StoriesMost ReadMore>>

Canton vote counting leads to altercation, arrest

Canton vote counting leads to altercation, arrest

Tick bites wipe out family's energy, finances

Tick bites wipe out family's energy, finances

Woman brags about hit-and-run on Twitter, cops tweet back

Woman brags on Twitter she hit and ran a cyclist, cops tweet back

1 killed in London terror attack, 2 suspects hospitalized

1 killed in London terror attack, 2 suspects hospitalized

2nd child's body found after ATV mishap

2nd body found after ATV mishap

NC woman tried to kill family with toxic cheese, says sheriff

NC woman tried to kill family with toxic cheese, says sheriff

Lumumba wins Jackson Democratic Party Runoff

Lumumba wins Jackson Democratic Party Runoff

'Man's best friend to the end': Dog stands watch over owner's body in tornado wreckage

'Man's best friend to the end': Dog stands watch over owner's body in tornado wreckage

Lee says no regrets with mayoral campaign

Jonathan Lee says no regrets from his mayoral campaign

Hutto prosecutors narrow time frame of Ethel Simpson's death

Hutto lashes out in court

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