Oil prices drop as inventories grow

Thursday, October 16, 2008 NYMEX/WTI: $70.61/barrel $-3.93 (-5.27%) ICE/Brent: $65.43/barrel $-4.15 (-5.96%) 16:00, 16 October 2008 (UTC) Prices displayed in U.S. dollars. International oil prices sank on Thursday as investors worried that a looming global recession will lower demand. Crude oil for future delivery fell to below US$71 a barrel Continue Reading

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