Oil declined Below $90 for 1st Time in 8 Months
Oil declined as much as 5.1 percent as European leaders pledged to bail out troubled banks and protect depositors.
Christopher Bellew of Bache Commodities said:
With the stream of economic distress signals continuing unabated the oil market is betting that demand will really suffer.
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Mon, Oct 6, 2008
Post by Mike Rodger, Oil Reporter