Oil slides below $US90


	Oil slides below $US90

tabsey

1-29-2008 3:29 AM

87 views

tabsey says:

Love to hear the oil corporations bleating.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/5b2ce97c-4d0d-4ec5-aff1-22c82770ebee/B4802064-6C2E-4359-AAA2-061304622CB0/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://business.theage.com.au/oil-slides-below-us90/20080129-1opq.html" href="http://business.theage.com.au/oil-slides-below-us90/20080129-1opq.html" style="font-size: 11px;">business.theage.com.au</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://business.theage.com.au/oil-slides-below-us90/20080129-1opq.html"><P>Oil fell below $US90 a barrel today as poor US home sales data added to recession concerns in the world's top consumer.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://business.theage.com.au/oil-slides-below-us90/20080129-1opq.html"><P>US crude traded down 79 US cents to $US89.92 a barrel after falling as low as $US88.78 earlier. London Brent crude slipped 27 cents to $US90.63 a barrel after hitting $US89.33 in earlier activity.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://business.theage.com.au/oil-slides-below-us90/20080129-1opq.html"><P>New single-family US home sales fell 4.7% in December to the lowest rate in nearly 13 years while the median sales price dropped sharply, according to a government report.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://business.theage.com.au/oil-slides-below-us90/20080129-1opq.html"><P>The report added to concerns about the health of the world economy which have weighed on oil prices by dimming the outlook for fuel demand and helped send global stocks lower in early Monday activity.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://business.theage.com.au/oil-slides-below-us90/20080129-1opq.html"><P>US stocks later rebounded on expectations the US Federal Reserve would cut interest rates again this week.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/B4802064-6C2E-4359-AAA2-061304622CB0/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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