Oil Prices Down (SCO, DBO)

Oil prices fell for the third consecutive trading session today. Crude oil for delivery in June was down by $2.02 to $82.65 a barrel, while crude oil for delivery in May fell $2.23 to $81.01 a barrel.

Prices have fallen on the back of a stronger dollar and the lawsuit filed against Goldman Sachs (NYSE: GS). In pre-market trading in New York today, the ProShares UltraShort DJ-UBS Crude Oil (ETF) (NYSE: SCO) is up by 4.80% to $12.45, while the PowerShares DB Oil Fund (ETF) (NYSE: DBO) is down by 1.49% to $28.39.