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Oil prices tumble below US$40 a barrel on dour economic news7 s' [( S* B" o& n9 H
Mon Dec 22, 4:00 PM7 ?9 a8 f6 J- A" @+ p- [& D
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By Dirk Lammers, The Associated Press& L# m8 {) B/ L' m5 g3 F1 E
8 [6 [; a- S1 j- f) v* u( D5 g1 gOil prices tumbled below US$40 a barrel Monday as reports from manufacturers like Toyota and Caterpillar pointed to a worsening global economic climate and serious deterioration in energy demand.
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3 J& V }& @5 XLight, sweet crude for February delivery fell $2.45, or nearly six per cent, to settle at $39.91 a barrel on the New York Mercantile Exchange. Crude prices have tumbled 70 per cent since peaking above $147 in July.
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发表于 2008-12-14 18:20
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发表于 2008-12-15 22:07
