Getting your player ready...
The cost of oil dropped in dramatic fashion Tuesday, as a stronger dollar and economic jitters helped push crude futures down more than $5 to $136.04 a barrel.
Traders sent light, sweet crude for August delivery down $6.23 a barrel at one point before ending the day down $5.33 on the New York Mercantile Exchange.
“I view this as a two-day or three-day price correction that will be followed by new highs by month’s end,” said James Ritterbusch, president of a Galena, Ill.-based oil-trading advisory company. Los Angeles Times
