Crude oil falls below $130 - WMC Action News 5 - Memphis, Tennessee

Crude oil falls below $130

 NEW YORK (AP) - It hasn't trickled down to the gas pump yet, but oil prices today settled below $130 a barrel for the first time in more than a month.

The big slide in oil prices has continued for a third straight day.

Light, sweet crude for August delivery dropped $5.31 to settle at $129.29 a barrel on the New York Mercantile (MUR'-kuhn-tyl) Exchange. The benchmark price has lost more than $15 in just the past three days.

At the gas pump, prices held steady at a record topping $4.11 a gallon. That's according to auto club AAA, the Oil Price Information Service and Wright Express.

 

(Copyright 2008 by The Associated Press.  All Rights Reserved.)

  • News on WMCTV.comNewsMore>>

  • Police, community unite to offer new start

    Police, community unite to offer new start

    Saturday, June 24 2017 7:16 PM EDT2017-06-24 23:16:04 GMT
    (Source: WMC Action News 5)(Source: WMC Action News 5)

    Breaking down barriers between police and the community was the goal of an empowerment event Saturday in Raleigh. 

    More >>

    Breaking down barriers between police and the community was the goal of an empowerment event Saturday in Raleigh. 

    More >>
  • ‘King’s Daughter’ program encourages young girls

    ‘King’s Daughter’ program encourages young girls

    Saturday, June 24 2017 7:05 PM EDT2017-06-24 23:05:00 GMT
    (Source: WMC Action News 5)(Source: WMC Action News 5)

    Members of a Frayser church helped dozens of young girls Saturday see that they can achieve their dreams.

    More >>

    Members of a Frayser church helped dozens of young girls Saturday see that they can achieve their dreams.

    More >>
  • breaking

    Man in critical condition after shooting; MPD searching for suspect

    Man in critical condition after shooting; MPD searching for suspect

    Saturday, June 24 2017 6:43 PM EDT2017-06-24 22:43:22 GMT
    (Source: WMC Action News 5)(Source: WMC Action News 5)
    A man is in critical condition after a shooting Saturday afternoon, Memphis police confirm. The 40-year-old victim was shot multiple times after getting into an argument with another man outside a bar in the 1300 block of Jackson Avenue.  He was rushed to the hospital in critical condition.  Police said the suspect is a black male wearing a baby blue shirt with white stripes or checkers on it and blue jeans. He was last seen on foot heading northbound on Speed S...More >>
    A man is in critical condition after a shooting Saturday afternoon, Memphis police confirm. The 40-year-old victim was shot multiple times after getting into an argument with another man outside a bar in the 1300 block of Jackson Avenue.  He was rushed to the hospital in critical condition.  Police said the suspect is a black male wearing a baby blue shirt with white stripes or checkers on it and blue jeans. He was last seen on foot heading northbound on Speed S...More >>
Powered by Frankly