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Oil falls below US$59 a barrel as crude hits 20-month low

OIL prices continued their downward spirals yesterday as crude hit a 20-month low and Wall Street offered yet more evidence that US consumers are holding on to the money they have. Light, sweet crude for December...

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<p><a href="http://www.shanghaidaily.com/sp/article/2008/200811/20081112/article_380345.htm"> Oil falls below US$59 a barrel as crude hits 20-month low </a> by -- OIL prices continued their downward spirals yesterday as crude hit a 20-month low and Wall Street offered yet more evidence that US consumers are holding on to the money they have. Light, sweet crude for December... </p>