21.11.2008 - Demand jitters push crude below $50
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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