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Oil Falls To Lowest Price Since 2005

Posted by Verna 1176 days ago, popular 1176 days ago (http://www.huffingtonpost.com)
Category: Commodities | Tags: business finance money world
SINGAPORE — Oil prices fell to a 3-year low below $49 a barrel Friday in Asia as plunging stock markets, driven down by more bad U.S. economic news, battered investor confidence.
Light, sweet crude for January delivery was down 95 cents to $48.47 a barrel in electronic trading on the New York Mercantile Exchange by midday in Singapore.
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