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Aug 22, 2008

OIL NEWS * USA - Oil prices tumble more than $6 a barrel

New York,NY,USA -The Associated Press/The Trucker, by By STEVENSON JACOBS -22 Aug 2008: -- Oil prices tumbled more than $6 a barrel Friday — the biggest one-day percentage plunge in nearly four years — after a rebounding dollar and a Russian troop pullback in Georgia sparked another frenzied sell-off... Crude's nosedive wiped out all the gains from the previous day's big rally and reaffirmed the belief that high energy prices are still cutting into consumer demand for fossil fuels in the U.S. and overseas... (Photo: Oil settled at $114.59 a barrel on the New York exchange)

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