9/15/2008

Crude Oil Declines, Trading Below $100

(Spencer Platt/Getty Images)
Traders in the energy options pit of the New York Mercantile Exchange
"After more than six months in triple-digit territory, oil prices dropped sharply on Monday, falling under the symbolic $100-a-barrel threshold as financial woes raised concerns about a slowing economy and slackening oil demand. Oil futures in New York closed down $5.47, to $95.71 a barrel, their lowest level since February." JAD MOUAWAD NY Times

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