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twitterVenezuela vote lowers prices
Monday, Aug. 16, 2004 | 9:05 a.m.
NEW YORK -- Crude oil futures fell from records today after Venezuelan President Hugo Chavez won a referendum that might have removed him from office, lessening the chances oil shipments will be disrupted, traders said.
On the New York Mercantile Exchange, September crude oil was down 21 cents at $46.37 a barrel this morning in electronic trading. Earlier it had risen to $46.91 a barrel, the highest intraday price since oil futures began trading in 1983.
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