Oil in two-day free-fall

(01:13) Report

Jul. 8 - Oil prices saw another sharp reversal from the record peak set last week as the threat Hurricane Bertha could disrupt production faded.

Oil fell to below $137 a barrel. Wall Street's special access to emergency funding from the Federal Reserve could be extended until next year, the Fed chief said. Alcoa kicks-off Q2 earnings season after the close. Conway Gittens reports. SOUNDBITE: Federal Reserve Chairman Ben Bernanke

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