Crude oil futures dropped below $92 a barrel in New York early today, in one of the few bright aftershocks of the turmoil on Wall Street. Oil’s fall, the steepest two-day drop in almost four years, was attributed to concerns that Wall Street’s pain could crimp demand. “There’s a good possibility prices will fall further before they stabilize,” said Commerzbank analyst Carsten Fritsch in Frankfurt. (Bloomberg)
The bottom line
September 16, 2008
Try 4 Risk-Free Issues of The Week magazine.