From Yahoo News/AP:
Oil prices fell below $53 to almost a two-year low Thursday as investors, worried by plummeting stock markets, priced in lower crude demand as the global economic downturn shapes up to be the worst in decades.
Light, sweet crude for December delivery was down $1.23 to $52.39 a barrel in electronic trading on the New
Light, sweet crude for December delivery was down $1.23 to $52.39 a barrel in electronic trading on the New
Light, sweet crude for December delivery was down $1.23 to $52.39 a barrel in electronic trading on the New York Mercantile Exchange by midday in Europe. The contract fell 77 cents Wednesday to settle at $53.62, the lowest since January 2007.
Read more ....
Read more ....