Oil drops 3-1/2-year low below $50 a barrel

Oil prices dropped more than 7 percent to below $50 a barrel on Thursday as a bearish U.S. jobs report intensified concerns of a long and deep global recession and further crushed fuel demand expectations.

link: (http://biz.yahoo.com/rb/081120/business_us...)
submitted by: Qword Nov 20, 2008
category: News keywords: oil, gas, barrel, economy, deflation


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Filling up for 1.70 is like winning the lotto.

I know it's only temporary though.

posted by: mikey404 Nov 21, 2008

The manipulation is mind boggling.

posted by: errny Nov 21, 2008

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