After reaching a new all time high, the price of oil sunk more than six dollars yesterday amid profit taking and turmoil in the financial markets. Coal and emissions also fell strongly.
Yesterday's panic in the financial markets spilled over to commodities, and WTI oil saw its largest one day fall since the aftermath of the US invasion on Iraq in 2003, Financial Times reports.At Nymex, the WTI April contract hit a new all time high of USD 111.80/barrel before prices plunged later in the session to a settlement price of USD 105.68/barrel, down 4.53 day on day. A sim
Dienstag, 18.03.2008, 08:19 Uhr
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