With some hard tumbling on Wall Street, Crude oil prices go down

Crude-oilAs equities tumbled hard on Wall Street, Crude oil prices slipped to close to $82 a barrel Tuesday on the New York Mercantile Exchange.

As concern over national debt in Greece continued to rattle markets, the dollar index rose 1.3 5 percent Tuesday.

Spain, too, was considering asking the International Monetary Fund for a loan, MarketWatch reported on Tuesday.

It was reported that oil traders are still assessing the impact the Deepwater Horizon oil spill could have on the supply line in the Gulf of Mexico. Prices of long-range futures contracts have risen, but short-range contracts turned sharply lower on Tuesday.

In New York, June contract crude oil dropped $4.02 overnight to reach $82.17.

Loosing 0.0851 cents, heating oil futures for June went down to $2.26 per gallon.

Reformulated gasoline blend-stock prices lost 0.1228 cents to $2.3123 per gallon.

It was further reported that Henry Hub natural gas futures for June added 0.02 cents to $4.02 per million British thermal units.

According to reports of AAA, at the pump, the national average price for unleaded gasoline was $2.904 per gallon Tuesday, up from Monday's $2.895. (With Inputs from Agencies)