Monday, August 6, 2007

Oil extends drop near $74 on economy worries

(Reuters) - "The weaker macro numbers are raising the prospect of softening U.S. commodity demand in general, and energy demand in particular," MF Global analyst Edward Meir said in a report.




"Making matters worse is the parallel crisis we are seeing in the sub-prime markets, where the ripples have now broken outside the confines of this niche area."


Read more at Reuters.com Business News

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