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Crude Prices React to Mixed Signals

 Phil Amato     Created: 10/2/2009 7:17:15 AM    Updated: 10/2/2009 7:19:11 AM
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SINGAPORE (AP) -- Oil prices fell to near $70 a barrel Friday in Asia as signs of a sluggish U.S. economic recovery discouraged stock and crude investors.

Benchmark crude for November deliver was down 59 cents at $70.23 in electronic trading on the New York Mercantile Exchange. The contract added 21 cents to settle at $70.82 on Thursday.

Crude has weaved around $70 for months amid mixed signals about the strength of the U.S. economic recovery.

©2009 Associated Press. All rights reserved. This material may not be published, rewritten, or redistributed.



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