...AND LOWER...

Oil prices fall to lowest in eight months (Graeme Wearden, 10/06/08, guardian.co.uk)

Oil fell to its lowest level in eight months today, offering drivers and companies the hope of lower petrol prices in the weeks ahead.

The price of a barrel of US crude oil dropped to $89.38 in morning trading, a fall of $4. This followed sharp falls on world stockmarkets, reflecting concerns that demand for energy will drop as the global economy slows.