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Oil Prices Decline Over $1 |
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1:31 PM EDT May 31 2006 |
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Oil dropped over $1 after the U.S. signaled a willingness to hold joint direct talks with Iran on its nuclear program if certain conditions were met. Light crude July delivery fell $1.58 to $70.45 a barrel. London Brent crude lost $1.32 to $69.73. Gasoline slipped 6 cents to $2.0875 a gallon. Natural gas futures rose slightly to $6.14 per 1,000 cubic feet |
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