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Tuesday, May 22, 2007

Crude Prices Slip, Gold’s Muster Loses Luster, and Cattle Get Slaughtered

July Crude Oil futures lost $1.36 per contract to settle at $65.51 per barrel off a trading range for the session of $65.40 to $66.55. Today’s lower prices are attributed to the activity in Gasoline futures, which hit the skids for the second straight day as the July contract for reformulated gasoline lost 7.2 cents to close at $2.2353 per gallon. Read More.....