Oil prices retreat after closing above $100 a barrel
Oil prices retreated today after closing above $100 a barrel for the first time as investors seized on a refinery explosion and the possibility that OPEC may cut its output.
Oil prices closed below $100 per barrel for the first time in six months Monday, tumbling in another dramatic sell-off as the demise of Lehman Brothers and the sale of Merrill Lynch deepened worries about the US economy.