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Urgent: U.S. oil price extends losses on technical selling

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(Globalpost/GlobalPost)

NEW YORK, June 24 (Xinhua) -- U.S. oil price continued to fall Tuesday, as investors chose to lock in gains after the crude hit a multi-month high recently.

Light, sweet crude for August delivery moved down 14 cents to settle at 106.03 U.S. dollars a barrel on the New York Mercantile Exchange.

http://www.globalpost.com/dispatch/news/xinhua-news-agency/140624/urgent-us-oil-price-extends-losses-technical-selling-0