OIL FUTURES: Crude Below $70/Bbl Again As Econ Doubts Harden - Wall Street Journal

LONDON (Dow Jones)--Crude oil prices dropped below the key $70 a barrel level for the third time in as many days Wednesday, as doubts over economic recovery consolidated.

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European equity markets tracked losses on Wall Street as investors questioned the pace of any potential economic recovery, in turn raising doubts over future crude oil demand. A decline in U.S. May industrial production, alongside news U.S. producer prices had fallen the most for 60 years, helped knock the Dow Jones Industrial Average 1.25% lower Tuesday.

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