Summary
OIL prices briefly plunged below dollars 79 a barrel yesterday, dropping to the lowest level in nearly 13 months as investors grow more pessimistic about the prospects for resolving a mushrooming global economic crisis.
Light, sweet crude for November delivery fell as much as dollars 7.96 to dollars 78.66 a barrel on the New York Mercantile Exchange before paring losses. It was the lowest trading level for a front month crude contract since 26 September, 2007. In London, November Brent crude fell dollars 6.01 to dollars 76.65 a barrel on the ICE Futures exchange.See the full content of this document
Extract
Oil & Gas
Phil Flyn...
See the full content of this document
Sponsored links
