MARKET WATCH: NYMEX oil prices drops back under $40/bbl

Light, sweet crude oil prices fell on the New York market Mar. 18 to close back under $40/bbl, after Baker Hughes Inc. reported a 1-unit increase in US rigs drilling for oil. Reaction to the rig count report abruptly ended an oil-price rally that briefly reached above $40/bbl for the first time this year.

Source: News