Oil Down To $88 A Barrel

Courtesy Donklephant  Mon, 10/06/2008 - 2:24pm

As purse strings tighten and consumption plummets, the market runs screaming.

Reuters has more…

Oil dropped $6 to below $88 a barrel on Monday on expectations the growing financial crisis will further slow already faltering global fuel demand.

Crude prices have plummeted from a peak over $147 a barrel set on July 11 as high fuel prices and the growing financial crisis slow oil demand in top consumer the United States and other industrialized nations....


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