The Green Files > Oil falls sharply as economic gloom spreads

Peak Oil Newshttp://www.peakoil.com/modules.php?name=News&file=article&sid=41020 [Peak Oil News] The darkening gloom that hangs over the U.S. economy spread to the oil markets Tuesday, sending the cost of crude tumbling $6.44 a barrel in the largest one-day plunge since 1991. In a wild day of trading, the cost of light, sweet crude oil for August delivery closed at $138.74 a barrel on the New York Mercantile Exchange.

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ASX newbie[ASX newbie] Britain, Europe Sliding Ahead Of Rate Move.: A few hours after the ECB decision we’ll get the US labour force figures and unemployment rate for June. 60,000 jobs are forecast to have been lost, if the actual figure is well above that, US shares will wobble ahead of the Independence Day long weekend.

aaronloh.com[aaronloh.com] Dow Jones Enters Bear Market As US Stocks Slide: Adding to the gloom, US Treasury Secretary Henry Paulson said high oil prices, further home price declines and capital markets turmoil will prolong the American economy’s slowdown.

raymondteo.com | Investing Ideas, Stock Market News, Forex Tradinghttp://www.raymondteo.com/2008/06/24/morning-market-report-10/ [raymondteo.com | Investing Ideas, Stock Market News, Forex Trading] MORNING MARKET REPORT: Copper for three-month delivery ended slightly down at $US8,400 on the London Metal Exchange from $US8,435 at Friday’s close. Earlier the metal, used extensively in power and construction, hit $US8,490, the highest since May 19.

The Prime Insurance[The Prime Insurance] Any reason travel insurance: The Top Fool is SPECBEAR Dow Corning NEW YORK ”” A barrage of bad news including a new record high for oil sent Wall Street plunging Thursday, hurtling the Dow Jones industrials down nearly 360 points to their lowest level in nearly two years. Wall Street plunged Thursday, hurtling the Dow Jones industrials down to their lowest point in nearly two years as investors contended with a barrage of bad news: a surge in oil prices past $140 a barrel and warnings of trouble in the .

Home Employment Blog[Home Employment Blog] Employment insurance industry: A few hours after the ECB decision we’ll get the US labour force figures and unemployment rate for June. 60,000 jobs are forecast to have been lost, if the actual figure is well above that, US shares will wobble ahead of the Independence Day long weekend.

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