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Last updated: 21:08:19 Friday Oct 10, 2008


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  • Oil plummets below $83 on global slowdown fears
    Oil prices plummeted to a one-year low below $83 a barrel Friday in European trading as investor fears of a severe global economic downturn caused by the crisis in credit markets sparked a panicked sell-off of both crude and equities.   Nations:Australia Germany Japan   Activities:2007-8 Oil Crisis   Source:(AP)   2008-10-10

    Oil plunges to 13-month low on global slowdown
    The stunning collapse in oil markets accelerated Friday, sending a barrel of crude plunging below $78 as investors grow more pessimistic about resolving a mushrooming global economic crisis.   Nations:France U.S.   Activities:2007-8 Oil Crisis   Source:(AP)   2008-10-10

    Traders look for direction on oil market
    Oil prices looked for direction Thursday as traders weighed fears that a looming world recession will crimp demand against speculation that OPEC may cut output to keep prices from falling too far.   Nations:Algeria   People:Hugo Chavez   Activities:2007-8 Oil Crisis   Source:(AP)   2008-10-09

    OPEC decides to curb overall output through quotas
    VIENNA, Austria - OPEC said Wednesday it would trim overall output by more than 500,000 barrels of oil a day by adhering closer to production quotas -- a compromise meant to avoid a backlash from the biggest petroleum consuming nations and stop the rapid decline in oil prices.   Nations:Russia Saudi Arabia India United Arab Emirates Algeria Ecuador   Activities:2007-8 Oil Crisis   Source:(AP)   2008-09-10

    Oil prices slip after OPEC vows to stick to quota
    NEW YORK - Oil prices fluctuated in jittery trading Wednesday after the Energy Department reported larger-than-expected drops in the nation's crude and gasoline inventories.   Nations:United Arab Emirates Mexico Japan   Activities:2007-8 Oil Crisis 2008 Hurricane Ike 2008 Hurricane Gustav   Source:(AP)   2008-09-10

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    [2007 Global Credit Crunch]: Bush, allies pledge joint action on global crisis (13:13 10/11)


    [2008 U.S. Financial Rescue]: Paulson endorses bank stock purchase plan (22:52 10/10)

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    [Japanese Markets]: European markets plunge again; Nikkei plummets (07:17 10/10)


    [European Markets]: European markets plunge again; Nikkei plummets (07:17 10/10)


    [2007-8 Oil Crisis]: Oil plummets below $83 on global slowdown fears (07:17 10/10)

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