(Bloomberg) -- Crude oil fell from a one-year high
in New York as sliding world equity markets weighed on investor
confidence.
A two-day slump on world equity markets pushed the Standard
& Poor's 500 index to its lowest in 3 1/2 months and knocked
$2.1 trillion off the value of global shares last week. Oil
climbed to within 1 cent of a record close on July 27 after a
report showed the U.S. economy, the world's biggest consumer,
expanded by 3.4 percent in the second quarter.
Read more at Bloomberg Commodities News
in New York as sliding world equity markets weighed on investor
confidence.
A two-day slump on world equity markets pushed the Standard
& Poor's 500 index to its lowest in 3 1/2 months and knocked
$2.1 trillion off the value of global shares last week. Oil
climbed to within 1 cent of a record close on July 27 after a
report showed the U.S. economy, the world's biggest consumer,
expanded by 3.4 percent in the second quarter.
Read more at Bloomberg Commodities News
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