Wednesday, October 22, 2008

Oil Prices

Just had a look at the current oil prices. Wow! It is $67 per barrel! Yes, $67 per barrel, according to the Nasdaq Stock Market and New York Mercantile Exchange.

The crude oil prices were trading at highs of $147 earlier this year.

The lower consumer demand, the sell-off of commodities by cash-strapped investment houses and banks, and recession concerns are prompting the drop.

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