FuturesUncovered.com Watches As Crude Futures Head For Third-Straight Loss.
Crude futures prices fell for a third-straight session in electronic trading on Wednesday, following reports that the Organization of Petroleum Exporting Countries has decided to maintain production quotas, as was widely expected. The April contract dropped 54 cents at $61.04 a barrel, and has now dropped $2.63, or 4.1% since Friday. Among other petroleum products, unleaded gasoline gave up 2.43 cents to $1.6091 a gallon and heating oil fell 2.47 cents to $1.6975 a barrel.
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