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Oil At Lowest Price In Seven Months

Neil Richard Leslie | September 16, 2008

The crisis on Wall Street drove oil prices down 4% to their lowest in seven months on Tuesday.  The Reuters-Jefferies CRB index, a benchmark for raw materials prices, was down to its lowest since January amid predictions that the demand for commodities and global economic slowdown would impact consumer and trader spending.  The Financial Times reported that West Texas Intermediate crude, the US benchmark, was down $3.92 to $91.79 a barrel.

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