Speeple News Search

Sign Up! | Tags | Domains | Statistics | Options | Advanced Search

Oil plunges $8 to $136 on fear of deeper U.S. recession

bloggingstocks.com » 2008 » July » 16th » Oil plunges $8 to $136 on fear of deeper U.S. recession

Tagged: fed, fnm, fre, oil prices, gdp, gasoline prices, u s economy, bond market, bernanke, freddie mac, fannie mae, credit market, u s federal reserve, oil shock, inthnews

Filed under: International markets, Forecasts, Commodities, Oil, Federal Reserve, Recession Oil plunged more than $8 to about $136 Tuesday at mid-day after Fed Chairman Ben Bernanke's indicated the risks to U.S. growth have increased as a result of credit market losses, Bloomberg News reported Tuesday. Oil fell $9.26 to $135.92 per barrel before recovery slightly. Oil hit a record of $147.27 per … Continue Reading »

Latest news from BloggingStocks:

  1. Collective Brands (PSS) jumps 25% on Q3 earnings
  2. Neuberger Berman finds a buyer ... for $2.15 billion
  3. Great news: Auto industry considering prepackaged bankruptcy
  4. Why you should buy General Electric (GE) right now
  5. Citigroup's Pandit may give up that big bonus he does not deserve

Latest news from bloggingstocks.com:

  1. No. 7: Rich people don't bet the farm on one asset class or stock
  2. Best & Worst in Money 2008: Most shocking financial collapse
  3. NYT's Krugman: The financial and economic warning signs were there
  4. Google hunkers down in tough times, rearranges employee priorities
  5. Credit Suisse slashes away