USD 64.0144

-0.33

EUR 70.9023

-0.15

BRENT 59.55

-0.34

AI-92 42.27

0

AI-95 46.03

0

AI-98 51.83

0

Diesel 46.16

+0.03

27

Oil Prices Dropped to 7 Week Low

Oil prices have tumbled amid concerns that the slowing US economy will weaken demand

Oil prices have tumbled amid concerns that the slowing US economy will weaken demand.

US sweet, light crude fell $2.23 to settle at $123.26 a barrel - more than $20 off their peak earlier in July, when prices reached a record $147.27.

Brent crude in London also fell, dropping $1.92 to $124.52.