05.12.2008 - Oil falls $3 to lowest in nearly 4 years

From Guardian: Oil fell more than 6 percent on Thursday to its lowest level in nearly four years in response to further bleak economic data that could spell a deeper decline in global energy demand. The number of U.S. workers on jobless rolls hit a 26-year high last month, the government said, while another report showed U.S. factory orders fell sharply for the third month in a row..... Full Article: Source

Print