Oil prices plunged below USD 93 a barrel on Monday, reaching the lowest levels since February, on the prospect of weaker demand for energy amid a worsening global financial crisis in the wake of Lehman Brothers' bankruptcy, analysts said.
Brent North Sea crude for delivery in October tumbled by more than USD four to USD 92.84 a barrel. "Oil futures were down ... as turmoil in the financial markets hurt sentiment and reinforced concerns about weaker oil demand growth," said Sucden analyst Michael Davies in London. http://www.financialexpress.com:80/news/Oil-slips-below-93-on-Wall-Street-turmoil/361545/ Credit is a system whereby a person who can't pay gets another person who can't pay to guarantee that he can pay. - Charles Dickens --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kences1" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/kences1?hl=en -~----------~----~----~----~------~----~------~--~---
