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