Showing posts with label Oil Prices. Show all posts
Showing posts with label Oil Prices. Show all posts

Saturday, August 23, 2008

Oil prices dip


Crude prices fell more than $6 on Friday.

It’s the biggest one-day percentage slide since 2004.

Dealers turned their focus to rising supply levels.

Global demand is also slowing.

A rebound in value of the US Dollar, too, encouraged selling.

It put downward pressure across the commodities markets.