Oil Falls $3.69 to Settle at $88.14 a Barrel

Business Week reported that oil fell $3.69 to settle at $88.14 a barrel.

As quoted in the market news:

Crude oil for September delivery fell $3.69 to settle at $88.14 a barrel on the New York Mercantile Exchange. It was the biggest decrease for a front-month contract since Dec. 14. Prices are down 11 percent this year.

Click here to read the full Business Week report.