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Oil Prices Fall Below $60 a Barrel
Topics:Commodities | Gold & Precious Metals | Asia | Wall Street | Energy | Alternative Energy | OPEC
Sectors:Oil and GasReuters | 06 Nov 2008 | 09:23 PM ET Text Size Oil fell below $60 a barrel for the first time in 20 months on Friday, extending its overnight drop of 7 percent, as spreading economic gloom further dampened the outlook for energy demand.
The International Monetary Fund said on Thursday it now expects 2009 global economic growth of 2.2 percent, down 0.8 percentage points from its October forecast.
It also cut its 2009 baseline oil price projection to $68 a barrel from $100.
http://www.cnbc.com/id/27583588
Oil Prices Fall Below $60 a Barrel
Topics:Commodities | Gold & Precious Metals | Asia | Wall Street | Energy | Alternative Energy | OPEC
Sectors:Oil and GasReuters | 06 Nov 2008 | 09:23 PM ET Text Size Oil fell below $60 a barrel for the first time in 20 months on Friday, extending its overnight drop of 7 percent, as spreading economic gloom further dampened the outlook for energy demand.
The International Monetary Fund said on Thursday it now expects 2009 global economic growth of 2.2 percent, down 0.8 percentage points from its October forecast.
It also cut its 2009 baseline oil price projection to $68 a barrel from $100.
http://www.cnbc.com/id/27583588
