(Bloomberg) -- Crude oil fell for a second day in
New York on concern the subprime-debt debacle will reduce U.S.
economic growth.
A U.S. slowdown may cut demand for oil, which has fallen 6
percent since reaching a record $78.77 on Aug. 1. Global stock
and metals prices fell today on concern the rout in U.S. debt
markets may erode growth. OPEC oil production rose last month by
the most since September 2004, a Bloomberg News Survey showed.
Read more at Bloomberg Energy News
New York on concern the subprime-debt debacle will reduce U.S.
economic growth.
A U.S. slowdown may cut demand for oil, which has fallen 6
percent since reaching a record $78.77 on Aug. 1. Global stock
and metals prices fell today on concern the rout in U.S. debt
markets may erode growth. OPEC oil production rose last month by
the most since September 2004, a Bloomberg News Survey showed.
Read more at Bloomberg Energy News
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