Oil Plunges 3% to Just Over $69

Oil prices fell more than 3% to $69 a barrel on Tuesday, pressured by a stronger U.S. dollar and as weak consumer confidence data hit equities. Crude for August delivery traded $2.15 lower at $69.34 a barrel, off its earlier eight month high of $73.38. The U.S. dollar rose against the euro, adding pressure to oil prices. A stronger dollar makes commodities denominated in the currency more expensive for investors.....Complete Story