Monday, June 18, 2007

Energy Prices Down Early, Monday, June 18, 2007 10:12:57 AM

Energy prices fell Monday morning at the start of the week in U.S. trading. Crude oil fell away from the $68 mark it closed at on Friday. Natural gas, heating oil and gasoline also slipped away from recent highs.

Oil prices eased at the start of U.S. trading Monday, after soaring to a nine-month high in its previous session. Light sweet crude was at $67.63, down 37 cents on the session, as experts speculate that stockpiles went up last week. Oil prices got as high as $68.30 on Friday afternoon on supply concerns and turmoil in the Middle East.

Natural gas prices slipped early Monday morning in U.S. trading. July-dated natural gas lost 10.5 cents to $7.813. It climbed to a weekly high on Friday.

Heating oil was down slightly at the start of U.S. trading on Monday. July-heating oil was down less than a cent to $2.0069, after slipping slightly on Friday off of a multi-month high.

Gasoline for July delivery dropped Monday morning in U.S. trading, losing 1.56 cents to $2.2445. It had gained for three straight sessions and touched a two-week high on Friday.
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