Monday, August 8, 2011

Oil plunges below USD85 per barrel in Asia as low demand anticipated

In the wake of the S&P downgrade of US debt, fear of dip in demand for crude puts downward pressure on oil prices in day of trading in Asian markets.

http://www.washingtonpost.com/business/markets/oil-plunges-below-84-in-asia-after-sandp-lowers-us-debt-rating/2011/08/08/gIQAxByg1I_story.html

2 comments:

  1. It's gone below $80 today, I just happened to notice.

    ReplyDelete

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