Crude Hits the Skids, Plummets Below $90/barrel
Oct 7th, 2008 | By Doug Casey | Category: Financial News, Oil Investment & Alternative EnergyIn the energy market Monday, crude for November delivery tanked, closing at $87.81/barrel, down $6.07. November reformulated gasoline fell 16.9 cents, to $2.0591/gallon. Crude’s close was its lowest in 8 months, as the bears solidified control on fears the recession will be deep and global.