13.11.2008 - Oil hits 20-month low at $56 a barrel
From FT: Crude oil sank to a fresh 20-month low even as the International Energy Agency warned of a potential global supply crisis due to delays in investment arising from price weakness and the credit squeeze. The energy watchdog said there was a real risk that under-investment would cause an oil supply crunch with large gaps opening up between demand and supply after 2010 as project delays and cancellations took effect. ...... Full Article: Source