Crude oil prices fell Tuesday as OPEC lifted oil output by 2 million bpd
Crude oil prices fell Tuesday as OPEC lifted oil output by 2 million bpd and traders took profits gained from a new hurricane threat.
Light, sweet crude for October delivery, New York's main contract, declined 1.16 dollars to close at $66.23 a barrel.
Meanwhile, Brent crude dropped $1.41 to settle at $64.20 a barrel on London's International Petroleum Exchange.
The US National Hurricane Center upgraded Rita to a Category 2 hurricane Tuesday afternoon. The storm, sweeping across the Florida Keys, could reach Category 4 strength as it crosses the Gulf of Mexico.