Prices For Oil Futures Fall Back

Originally published on May 6, 2011 6:27 am
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LINDA WERTHEIMER, host:

NPR's business news starts with commodities taking a tumble.

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WERTHEIMER: Commodity prices are plunging and that includes a big drop in the price of oil this week. Crude oil is now trading at about $96 a barrel, down from well over $110 in recent weeks. Some investors are seeing signs of an economic slowdown in the U.S. and in other parts of the world - and believe that will cut the demand for oil. Transcript provided by NPR, Copyright NPR.