USD 92.2628

-0.33

EUR 99.7057

-0.56

Brent 86.99

+0.1

Natural gas 1.752

-0

341

Oil Plunged As Hurricane Weakened

Oil plunged 3 percent to $69 a barrel on Tuesday as Hurricane Dean weakened

Oil Plunged As Hurricane Weakened

Oil plunged 3 percent to $69 a barrel on Tuesday as Hurricane Dean weakened, easing concerns that the powerful storm would disrupt Mexican and U.S. oil operations.

U.S. crude fell $2.02 to $69.10 a barrel by 17.11 GMT, after trading down to $68.93 earlier. London Brent crude gave up $1.41 to $68.44.

U.S. oil had dropped 86 cents on Monday after forecasts showed Dean would not hit U.S. oil production and refining facilities on the Gulf of Mexico.

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