Oil falls amid mixed signs on US economic recovery - The Associated Press

By ALEX KENNEDY(AP)– 44 minutes ago SINGAPORE — Oil prices fell to near $79 a barrel Wednesday in Asia amid mixed signals about the strength of the U.S. economic recovery.

Oil Tanks manufacturing facility, India.

Benchmark crude for December delivery was down 30 cents to $79.25 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract rose 87 cents to settle at $79.55 on Tuesday. Oil has retreated from a one-year high of $82 a barrel hit last week as investors look for signs of a sustainable U.S. economy to justify further crude price gains.

Full Story: Oil falls amid mixed signs on US economic recovery - The Associated Press