| 07.11.2008 - Oil prices near $60 on recession fears |
| From AP: Oil prices neared $60 a barrel Thursday, their lowest point in about a year and a half, as a growing number of economic reports point to a long and painful recession. When the economy slows, the demand for energy fades. One side effect: the price of gasoline has tumbled from summer highs, when a gallon cost more than $4. Experts say gasoline could cost half that by year's end..... Full Article: Source |