Oil tumbles in repeat of last week's big drops, falling about $4 to $127 a barrel

Oil prices are tumbling in early trading, falling about $4 a barrel as concerns eased about possible supply disruptions from Tropical Storm Dolly.

Light, sweet crude for August delivery fell $3.90 to $127.14 a barrel on the New York Mercantile Exchange.

Other energy commodities are also down sharply. Natural gas is trading below $10 for 1,000 cubic feet at $9.984, down 52.6 cents. (***)