January 18, 2008

Oil prices fall below US$90 a barrel on worries about US economy …

Oil prices fall below US$90 a barrel on worries about U. Oil prices fell Friday, continuing the overnight trend, on worries that a flagging U. The data added to the negative economic sentiment that has been the market&#8216s dominant driver in recent days, pushing prices down nearly $10 from their record over $100 a barrel two weeks ago. Meanwhile, the American Petroleum Institute, a trade group for oil and gas producers, said high prices cut demand for gasoline and oil in the fourth quarter. read more

[Tags]oil, u, fell, prices, cents, economic, oil prices[/Tags]

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