AAP NYMEX Oil prices ended last week at the lowest level in nearly two months,
weighed down by a stronger US dollar and persistent doubts about the health of
the global economy. Crude prices have now dropped more than 14 per cent since
cresting at a 15-month high of $US83.18 a barrel
At short time ago, the All Ordinaries Index was 132 points lower to 4,512. The
ASX 200 had slipped 131 points to 4,497. The Australian dollar was lower at
86.74 US cents. CommSec market analyst Juliet Saly says European and US markets
slumped overnight due to increasing concern about the
AAP NYMEX Oil prices ended last week at the lowest level in nearly two months,
weighed down by a stronger US dollar and persistent doubts about the health of
the global economy. Crude prices have now dropped more than 14 per cent since
cresting at a 15-month high of $US83.18 a barrel
