09.10.2008 - Oil touches year's lowest level
From The Globe and Mail: Oil prices closed down Wednesday after touching their lowest level this year, pressured by a huge jump in U.S. crude inventories and more signs of dwindling demand. Light, sweet crude for November delivery fell $1.11 (U.S.) to settle at $88.95 on the New York Mercantile Exchange. Oil at one point fell to $86.05 — the lowest price since Dec. 6, 2007. Crude has now fallen about 40 per cent since surging to an all-time record $147.27 a barrel on July 11...... Full Article: Source
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