Crude prices fall slightly

Crude oil prices fell Monday as some analysts said that the only reason oil prices are mostly rising right now is that oil prices are rising.

July contracts for West Texas Intermediate crude were 35 cents lower to $68.09 per barrel on the New York Mercantile Exchange while Brent crude dropped 46 cents to $67.88 per barrel on the ICE Futures Europe exchange in London.

Earlier in the session, WTI dropped as low as $66.78 per barrel.

The retail price of a gallon on gas in the United States added less than a cent to $2.619 per gallon on average nationally, according to AAA, and have added over 10 cents in the past week.

Metals prices were also lower as a stronger dollar made metals less attractive for investment purposes.

August gold fell $10.10 to $952.50 per troy ounce while July silver was down 43 cents to $14.96 per troy ounce and July platinum dropped $42.20 to $1,244 per troy ounce.

Among base metals, July copper was 3 cents lower to $2.25 per pound in New York trade.

Grains prices were mixed on the Chicago Board of Trade as July corn was down 9 cents to $4.35 per bushel while wheat dropped 25 cents to $5.98 per bushel but July soybeans added 7 cents to $12.32 per bushel, all in afternoon trade.

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