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Crude oil falls in Asia

Crude oil futures fell Wednesday in Asia, extending declines from the previous session as refinery worries faded and OPEC suggested it sees no need to increase oil production.Light, sweet crude for October delivery fell 12 cents to $71.61 a barrel in electronic trading on the New York Mercantile Exchange midmorning in Singapore. The contract dropped 24 cents to $71.73 a barrel Tuesday in the U.S.Nymex gasoline futures rebounded 0.46 cent to $2.0200 per gallon in electronic trading after dropping 2.39 cents in the day session.Gasoline futures have been a main driver of oil prices in recent days.


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Tagged as news oil energy gas gasoline petrol


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