The pullback erases, at least for now, the effect of last week's rally that pushed the benchmark price above $145 ahead of the Fourth of July weekend.
Analysts say much of the decline seem to stem from profit-taking after the recent run-up.
Crude Oil Slides
NEW YORK (AP) - July 8, 2008
A barrel of light, sweet crude for August delivery was down as
much as $5 to just above $136 a barrel on the New York Mercantile
(MUR'-kuhn-tyl) Exchange.
