Committed to PEOPLE'S RIGHT TO KNOW
Vol. 5 Num 400 Tue. July 12, 2005  
   
Business


Oil prices calm


World oil prices fell by more than a dollar on Monday after American facilities in the Gulf of Mexico escaped the impact of Hurricane Dennis, which wreaked havoc in the United States, dealers said.

New York's main contract, light sweet crude for delivery in August, slumped by $1.11 to $58.52 per barrel in electronic deals.

In London, the price of Brent North Sea crude oil for delivery in August dropped $1.18 to $57.02 per barrel.