Demand jitters push crude below $50

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Demand jitters push crude below $50

Posted on 21 November 2008

From FT: Oil sank below $50 a barrel, reaching its lowest point since May 2005 amid fears over the outlook for demand in the face of a global recession.

The drop in oil prices led a broader retreat in raw materials, with the Reuters-Jefferies CRB commodity index, a global benchmark, falling to a five-year low….. Full Article: Source

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