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.
Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.