Barbara
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Oil on Concern Slump Is Hurting Demand - 2008/11/06 19:12
Hi Guys! Oil prices are maintaining below $70 these days. Bad for those of you who bought at a higher price, but it is good for the rest of us who own a car 
Crude oil fell for a second day, tracking equity prices, on signs that demand for fuel will be eroded as the global economy slumps.
Crude fell as much as 2.4 percent in New York as global stock markets dropped. The MSCI World Index lost 2.2 percent to in London while Standard & Poor's 500 Index futures slipped 0.8 percent.
Crude oil for December delivery declined as much as $1.57 cents, or 2.4 percent, to $63.73 a barrel on the New York Mercantile Exchange. It was at $64.84 a barrel at 10:26 a.m. London time.
Prices, which have tumbled 55 percent since reaching a record $147.27 on July 11, are down 33 percent from a year ago. Yesterday, futures plunged 7.4 percent, the biggest drop since Oct. 10.
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