Nov 19 2008
World prices for oil fell below $54 a barrel
Oil’s decline deepened to below $54 a barrel on Wednesday, pressured by economic weakness that will further erode the world’s demand for fuel. U.S. crude fell to $53.30 a barrel, its lowest since January 2007, and by 8:11 a.m. EST was trading 61 cents lower at $53.78. Oil has dropped by nearly two-thirds from a [...]