Friday, September 12, 2008

Crude Dips Below 100 Bucks

Amazing what a strengthening dollar will do.
NEW YORK (AP) - Crude oil on the futures market briefly sank below the $100-a-barrel Friday for the first time in five months-suggesting investors believe a worsening global economy will continue to drive down demand for some time in the United States and elsewhere.

The last time crude traded below $100 a barrel was on April 2.

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