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 Oil Takes $5 Dive
 
 7/23/2008 8:25:59 AM
lbodell
165 posts
5th


Oil Takes $5 Dive

Oil prices fell $5.09 today, CNN reports, reaching $125.95 per barrel at 11:35 p.m. Eastern time. The article cited four factors leading to the drop in light, sweet crude, including the weakened economy, reduced gas demand, Tropical Storm Dolly and increasingly strained Iran-U.S. relations.
Oil prices fell more than $16 per barrel total last week.

-from Angus e-List

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