Oil price falls $2.54, to $69.59 in London, in New York down to $71.19 (-1.95)

As of February 5th, the IPE Brent Crude February futures contract dropped to $69.59 (-2.54) a barrel on the London-based ICE Futures Europe exchange. Light Sweet Crude lost $1.95, down to $71.19 on the New York Mercantile Exchange.