Crude oil settle at $72.90 ...Middle East

The price of crude oil tumbled $3.76 or 4.9% at $72.90. The low price reached the $72.22. The high price was up at $76.58. The low price i reached its lowest level going back to July 7. At the low, the price tested the low of 8 swing area between $72.30 and $73.31. The price is settling between those 2 levels.Weaker US economic data, and bearish energy inventory reports help contribute to the decline. Today the initial jobless claims and the continuing claims showed job weakness. Industrial production and capacity utilization was also weaker than expected. Finally, the Philly Fed manufacturing index was also in negative territory for the 3rd consecutive month. The price levels for crude oil

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Crude oil settle at $72.90 ...Middle East

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