Oil Falls a $2.02 as U.S. Durable Goods Orders Drop

Bloomberg reported that oil dropped $2.02 as U.S. durable goods orders inched down.

As quoted in the market news:

Crude oil for April delivery fell $2.02, or 1.9 percent, to $106.54 a barrel at 1:57 p.m. on the New York Mercantile Exchange. The intraday low was $106.30. The contract yesterday slid 1.1 percent to $108.56, ending the longest upward move since January 2010. Prices are up 9.9 percent in the past year.

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