Oil falls below $74
Oil fell below $74 a barrel on Tuesday, down for the first time in six days as Chinese shares plummeted on renewed concerns over the economic recovery, after reaching a 10-month high a day earlier.
Oil prices fell below $70 a barrel today in Asia as investors shrugged off a looming OPEC production cut after company forecasts suggested the US may be headed for a severe economic slowdown that crimps crude demand.