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World recession deepens ahead of Washington crisis summitPARIS (AFP) - The blast of recession hit Europe on Friday as leaders from more than 20 rich and emerging countries headed for a crisis summit in Washington and OPEC called a special meeting on slumping oil prices. ... |
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Oil prices continue to spiral downOil prices sank Wednesday to the lowest levels since the start of 2007, as traders worried about weaker demand for energy amid a gloomy economic outlook. ... |
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Oil settles at 21-month low on demand jittersOil prices settled at a 21-month low Wednesday as investors worried about a global slowdown in crude demand ahead of the latest U.S. government inventory report. ... |
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Oil price slides to 20-month lowOil prices have fallen to the lowest levels since the beginning of 2007 due to worries about weakening energy demand. ... |
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Oil prices slumpThe price of oil traded below the $60-a-barrel mark for the second day in a row Wednesday as investors worried about a global slowdown in crude demand ahead of the latest U.S. government inventory report. ... |
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