| 08.12.2008 - Crude oil caps biggest weekly drop since 1991 |
| From Bi-me.com: Crude oil fell for a sixth day, capping the biggest weekly drop since the Persian Gulf War in 1991, on concern demand will decline after a report showed US employers cut jobs in November at the fastest pace since 1974. Oil is down 25% since 28 November as the recession deepened in the US, Europe and Japan. Payrolls fell by 533,000 last month, the Labor Department said today. .... Full Article: Source |