Warm weather chills oil prices

January 10, 2007

Warmer-than-normal temperatures in the world's largest home-heating oil region has put the bulls in the oil market on ice. Crude oil has fallen 10 percent since the start of 2007 as investors lock-in profits and head for the exits with the U.S. awash in crude and geo-political tensions quiet for the time being.Speaker: Fadel Gheit, Sr. energy analyst, Oppenheimer & Co. Conway G. Gittens reports from New York.