LONDON: Oil plunged $5 on Monday as investors fled to safer havens due to turmoil in the US financial system and on early signs Hurricane Ike had spared key US energy infrastructure.
US crude dropped $5.13 to $96.05 barrel at 1338 GMT, after (...)
LONDON: Oil prices fell more than $1 on Friday as flagging US demand and the stronger dollar extended crude s losses to 8 percent this week.
US crude traded down $1.31 to $106.58 a barrel by 1117 GMT after settling on Thursday at the lowest level (...)