| From Businessspectator.com.au: Oil extended its decline and fell over a dollar to dip below $US106 a barrel, pressured by gains in the US dollar amid optimism that a vote on a $US700 billion bailout to rescue the US financial system is near.
Congressional leaders from both parties said they had reached a tentative agreement on Sunday, but questions abound as to whether the rescue plan, which would use taxpayer funds to buy up toxic mortgage debt, would restore confidence to shaky markets and head off a deep recession. US light crude for November delivery fell $US1.09 to $US105.85 a barrel by 1231 AEST, adding to Friday's losses of $US1.13..... Full Article: Source
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