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Posted by BAHRAMERAD at 02:10AM 10/03/08 in International News, Global Breaking News, Maxx News, Bahramerad
Oil price falling on weak global demand
NEW YORK - Oil prices closed at their lowest level in two weeks Thursday, tumbling below $94 a barrel on doubts that a revamped financial bailout plan will be enough to avoid a protracted economic slump and revive dwindling U.S. energy demand. The declines came a day after the Senate overwhelmingly approved the rescue package. The bill now goes to the House of Representatives for an expected vote Friday; House lawmakers stunned investors Monday by rejecting the bailout plan, although Senators added $100 billion in tax breaks and other sweeteners in a bid to win over enough dissenting House votes.
- Saved By: BAHRAMERAD
- Tags: oil and bahramerad
- Groups: International News, Global Breaking News, Maxx News, and Bahramerad.
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