10.10.2008 - Oil hits one-year low on fears of demand slump
From Reuters: Oil prices fell $3 to a fresh one-year low below $84 a barrel on Friday, as fears that market turmoil will send demand for fuel slumping outweighed news that OPEC will hold an extraordinary meeting in November. With the financial crisis now almost a month old, Japan's Nikkei stock index plunged 11 percent on Friday, while the yen and gold rose on growing concerns that no government effort so far has kept the global economy from a path to recession..... Full Article: Source
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