Monday, March 5, 2007

Oil drops below $60/barrel

Oil prices dropped sharply on Monday, losing nearly $2 a barrel, in a market driven by stock market declines and concerns about the world economy.

"There's a general sort of recoil from risk in the market," said Tobin Gorey, a commodity strategist with the Commonwealth Bank of Australia in Sydney.

Read more at FIN24.co.za

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