Oil falls for 3rd straight day
Wednesday, October 29th, 2008 Tags: crude oil price drop, oil pricesPosted in News
Oil fell for a third day on Tuesday, dropping almost $1 to near a 17-month low on fears of a global recession, reported Reuters. US light crude for December delivery fell 92 cents or 1.4% to $62.30 a barrel by early Tuesday after touching a low of $61.30 a barrel on Tuesday, its weakest since May 2007.
October 29th, 2008 at 2:28 pm
That’s good news for us drivers!!! I’m still waiting for our 4 petrol companies to cut their pump prices…
October 30th, 2008 at 2:23 pm
our local petrol pumps as usual.. quick to raise the price.. slow to respond to the fall
October 31st, 2008 at 9:00 am
The prices has fallen around half the price but the petrol price in singapore only reduce around 20 %.. The petrol station reallys knows how to earn… If drops till per litre same as year 1999 would be the best.. Around $1.2 or $1.3 per litre for 98…
Almost all trades has been affected including mine. Just that lucky i’ve some savings to tide over the crisis, and maybe take a break now and continue my business next year. It would be a big problem for those who just commited into a big commitment recently and those businesses is dropping. I believe that the only group not affected is only people working in Government Bodies.. Poor us for people working outside and doing business.