November 17, 2008

The Oil Falls to 55 Bucks


The price of oil fell to 55 dollars per barrel in the early hours today while further bad news from the United States raised fears of a severe economic crisis that could collapse
In the early hours electronic trading on the New York Mercantile Exchange, crude oil with delivery in December fell 1.08 dollars to 55.08 dollars per barrel, after touching a floor of 54.67 dollars.

Nov 17, 2008 4:42:10 AM

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