October 10, 2008

REMIND US AGAIN WHY INTEREST RATES ARE SO HIGH?:

Oil prices hit 13-month low (Kenneth Musante, 10/10/08, CNNMoney.com)

- Oil prices plunged to a 13-month low Friday as investors worried that the weakening global economy was driving down demand for fuel worldwide.

U.S. crude for November delivery sank $6.96 to $79.63 a barrel in electronic trading, its lowest level since crude traded in the high $70 range in September of last year.

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Posted by Orrin Judd at October 10, 2008 9:03 AM
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