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