Energy Futures Slip Again
Energy futures prices slipped in nervous trading Tuesday as the market awaited industry data that it feared would show a deepening flood of gasoline supplies.
Analysts said the market anticipated that this would be the fifth consecutive week that the American Petroleum Institute would report a buildup in gasoline supplies. During this five-week period, crude oil prices have come down about $3, with the July contract now trading at $12.56 a barrel.
The API data was scheduled for release after the close of trading Tuesday but was delayed.