Oil Investing News » Oil declined Below $90 for 1st Time in 8 Months

Oil declined Below $90 for 1st Time in 8 Months

October 6, 2008 @ 4:27 am In Oil Market News

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.

For full story, click here ^[1]

Article printed from Oil Investing News: http://oilinvestingnews.com

URL to article: http://oilinvestingnews.com/278-oil-falls-below-90-for-1st-time-in-8-months.html

URLs in this post:

[1] here: http://www.bloomberg.com/apps/news?pid=20601087&sid=akbmf6KcUI44&refer=home