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Oil prices fall below US$40 on steady stream of sour economic indicators

OIL prices tumbled below US$40 a barrel yesterday as reports from manufacturers like Toyota and Caterpillar pointed to a worsening global economic climate and serious deterioration in energy demand. Light, sweet...

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<p><a href="http://www.shanghaidaily.com/sp/article/2008/200812/20081223/article_385562.htm"> Oil prices fall below US$40 on steady stream of sour economic indicators </a> by -- OIL prices tumbled below US$40 a barrel yesterday as reports from manufacturers like Toyota and Caterpillar pointed to a worsening global economic climate and serious deterioration in energy demand. Light, sweet... </p>