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

Comments

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

    ReplyDelete

Post a Comment

Popular this week

Pacquiao victory vs Matthysse reveals confused Yellowtard ideology! #PacquiaoMatthysse

A confusing Yellowtard memo to all "non-Filipinos" commenting and writing about Philippine politics...

Federalism opens the EXCITING possibility of the Philippines finally dissolving as a nation in the next 10 to 20 years

Pacquiao the boxer or Pacquiao the Philippine Senator? Take your pick!