Oil prices are in the position of U.S. $ 75.88 per barrel in Asia Monday, July 19, 2010, after  weakened following the drop in global stock markets. Crude oil for August delivery fell 13 cents to U.S. $ 75.88 per barrel at midday in Singapore time in electronic trading on the New York Mercantile Exchange.

Last Friday, oil prices fell 61 cents to U.S. $ 76.01 per barrel. Meanwhile, Brent oil prices today fell 3 cents to U.S. $ 75.34 per barrel on the London Stock Exchange.

During one week, oil prices fluctuated in the range of U.S. $ 70 per barrel as investors await the results of corporate revenues in the United States (U.S.) for the second quarter to find out the global economic power.

This week, a number of large companies who will release their revenue reports, among others, International Business Machines Corp.. This Monday, followed by Goldman Sachs Group Inc. on Tuesday tomorrow. Next is the Coca-Cola Co., Amazon.com Inc. and Microsoft Corp.

Dow Jones industrial stock index tumbled 2.5 percent on Friday last week following a disappointing data on U.S. retail sales, housing, and manufacturing. Most Asian stocks slumped today. In fact, oil broker makes stock market as the guidance on overall investor sentiment