Oil tanks after US House scuttles rescue plan

THE US House of Representative's rejection of the $US700 billion ($A874.9 billion) bailout package has sent oil prices down by more than $US10 a barrel.

Oil tanks after US House scuttles rescue plan Oil tanks after US House scuttles rescue plan Oil tanks after US House scuttles rescue plan Oil tanks after US House scuttles rescue plan Oil tanks after US House scuttles rescue plan

The Western Texas Intermediate dropped from $US106.77/bbl on Friday to close at $US96.29/bbl on Monday reversing some of the gains made last week.

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