Tuesday, August 5, 2008

Oil prices slide below $119 a barrel - Aug. 5, 2008

Oil prices slide below $119 a barrel - Aug. 5, 2008:

"NEW YORK (CNNMoney.com) -- Oil prices fell to near $119 a barrel Tuesday - the
lowest settle price in more than three months - after the Federal Reserve held
its key interest rate at 2%."


It looks like the market has been able to bring the price of oil down, without real government action.

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