Oil Prices Plunge to 7-Month Low

Summary


WASHINGTON -- Oil prices settled at a seven-month low below $59 a barrel Tuesday as rising global supplies, slack demand and a mild Atlantic hurricane season forced geopolitical worries to the back burner.

Crude-oil futures have fallen by more than $4 in the past two days.

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Oil Prices Plunge to 7-Month Low

The recent plunge in crude has dragged down the retail price of gasoline in the U.S., which now averages $2.31 a gallon nati...

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