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September 29, 2008

And this is the good news....

November crude traded at $95.39 per barrel on Globex Monday evening, down 98 cents from the New York Mercantile Exchange's closing level of $96.37. On Nymex, the contract's price had already dropped $10.52, or 9.8%, for the session. The market remained concerned about global oil demand as the Dow Jones Industrial Average dropped more than 700 points

September 29, 2008 in Climate Change, Economics, Energy, Governance/Management | Permalink

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