Oil prices fell below $130 a barrel Tuesday with major producers such as Royal Dutch Shell saying Tropical Storm Dolly would not likely disrupt operations in the Gulf of Mexico.
Shell said Monday it was evacuating workers from oil rigs in the western part of the Gulf as a precaution.
"The market doesn't see Dolly as a real threat at this point," said Victor Shum, an energy analyst with consulting firm Purvin & Gertz Inc. in Singapore. "It doesn't look like it will have much of an impact."
By the afternoon in Europe, light, sweet crude for August delivery was down $1.11 to $129.93 a barrel in electronic trading on the New …
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