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<blockquote data-quote="sillyputty" data-source="post: 399553" data-attributes="member: 16481"><p>Oil tumbles on Lehman failure, light Ike damage</p><p></p><p>Light, sweet crude for October delivery fell $4.05, or 4 percent, to $97.20 a barrel on the New York Mercantile Exchange, after earlier dropping to $94.13, the lowest level since Feb. 14. A close at that level would be oil's first settlement under $100 since March 4.</p><p></p><p></p><p>Crude has fallen about $50 — or 35 percent — from its all-time trading record of $147.27 reached July 11 as a global economic slowdown continues to weigh on demand for energy.</p></blockquote><p></p>
[QUOTE="sillyputty, post: 399553, member: 16481"] Oil tumbles on Lehman failure, light Ike damage Light, sweet crude for October delivery fell $4.05, or 4 percent, to $97.20 a barrel on the New York Mercantile Exchange, after earlier dropping to $94.13, the lowest level since Feb. 14. A close at that level would be oil's first settlement under $100 since March 4. Crude has fallen about $50 — or 35 percent — from its all-time trading record of $147.27 reached July 11 as a global economic slowdown continues to weigh on demand for energy. [/QUOTE]
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