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Home Front Economy |
Oil falls below $94 |
2008-10-03 |
![]() Light, sweet crude for November delivery fell $4.56 to settle at $93.97 a barrel on the New York Mercantile Exchange. It was crude's lowest settlement since Sept. 16. Prices earlier jumped as high as $100.37 but eased back later as traders digested the details of the revised bailout package. The November crude contract fell $2.11 to settle at $98.53 on Wednesday. In other Nymex trading, heating oil futures fell 13.74 cents to settle at $2.7095 a gallon, while gasoline futures fell 10.5 cents to settle at $2.255 a gallon. Natural gas futures lost 24.7 cents to settle at $7.481 per 1,000 cubic feet. In London, November Brent crude fell $4.77 to settle at $90.56 a barrel on the ICE Futures exchange. |
Posted by:Steve White |
#3 About time for something outrageous to emanate from Iran's |
Posted by: xbalanke 2008-10-03 14:12 |
#2 is the the result of not enough credit/capital available for the speculators to push the market? if so then the bailout plan will send the prices back up |
Posted by: Abu do you love 2008-10-03 13:19 |
#1 They sound disappointed. |
Posted by: Eohippus Ulamble4798 2008-10-03 11:28 |