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Oil Prices Fall Amid Signs Of Easing U.S. Demand
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Oil Prices Fall Amid Signs Of Easing U.S. Demand

Business

Oil Prices Fall Amid Signs Of Easing U.S. Demand

Oil Prices Fall Amid Signs Of Easing U.S. Demand
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Deborah Amos has this morning's business news.

DEBORAH AMOS, host:

NPR business news starts with falling oil prices.

In the last week, the price of oil has dropped about $20, settling to about $127 a barrel. Those lower prices were triggered by relief that a hurricane looks unlikely to disrupt supplies in the Gulf of Mexico. But investors are also seeing signs of slowing demand for energy in the U.S. We're still the world's top energy consumer. Less demand, more supply, the prices come down. But just a bit. Oil prices are still up 30 percent over last year's price.

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