Benchmark: troubled waters
Tue, Sep 30, 2008
Crude Investing News reports oil has fallen in value after the troubled US Financial markets and its bail-out plan.
Another rough day for investors this Monday. As it became clear that the American House of Representatives would reject the authorization law for the executive’s US$700 billion financial sector bailout plan, commodities began to tank. Oil futures shed more than US$10 of their value during the day, dropping to US$96.37 per barrel.
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