Prices for crude oil November delivery have fallen 10% to $77.70 a barrel on the New York Mercantile Exchange, Bloomberg has reported. Oil dropped 17% of its value over the past week. All commodities are down amid fears that a global recession is underway. Over $25 trillion has been wiped from global equities in 2008.

Ah..let the good times roll! Let’s hope this trend continues! For more infomation, click here.