A new batch of lousy economic news dragged oil prices down nearly 7 percent Tuesday, as signs from across the globe pointed to a prolonged and painful recession.
Light, sweet crude for March delivery fell $2.58 to settle at $34.93 a barrel on the New York Mercantile Exchange.
A number of other commodities fell hard too as people sought less volatile investments.
1 Response
this was the price of domestic oil that the envirowakkos won’t let us drill for. the bigger question is what is opec’s price because that’s the one that matters.