Energy OverView May 16, 2012

By the close of electronic trading yesterday, prices pared another .98 cents from the NYMEX settlement. Some of that was retaken in the first hour of the Asian session last night, before another rout began, hardly looking back, until another 2.17 had been lost at the session’s low, so far, at 91.81. Prices have since recovered somewhat but are still 1.29 lower on the day.

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