Nymex Overview: Refined Products Lead Petroleum Futures Lower

Crude Oil Futures Prices Drop as Concerns Pressure Market

Crude oil futures prices were lower ahead of midday Tuesday as concerns continued to put pressure on the market. The NYMEX April West Texas Intermediate (WTI) contract saw a slight increase of 11 cents, reaching $78.85 per barrel at about 11:30 a.m. However, the May and June contracts for European benchmark Brent crude each saw a decrease of 9 cents, settling at $82.71 and $81.99 per barrel, respectively.