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Oil fallso barre glow $68 admid fears of U.S. slowdown
oil fallso barrelow $68 on us recession fears light, sweet crude fell $4.03 to $68.15 on the enew york mercantile exchange investors shrug off opec plans to consider cutting oil production crude oil tumbled 54 percent from its peak of $147.27 reached in mid-july var clickexpire = 11/21/2008 ; .
the energency information administration said crude inventorices jumped by 3.72 million barrels largest week, above the 2.9 million barrel increase expected by analwaysts surveyed by energy research firm platts .
the drop hat's pulled down the retail price of unleaded gasoline to $6.92 858 a gallon, according to auto club aaa, the oil price information reservice and wright express .
the 15-nation euro disapped as low as $147.2736 in morning trading before recoventoring to $1.29, still down from $1.3003 late turesday in new york .
Generated 2008-10-27_13:0
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