http://business.timesonline.co.uk/tol/business/industry_sectors/natural_resources/article4663676.ece
The price of crude oil tumbled yesterday in the futures markets as the destructive force of Hurricane Gustav dwindled.
Traders are focused again on the weakening global economy and panicky behaviour is being detected within Opec, suggesting that some cartel members fear that the oil price could crash. The gloom in the commodities markets pushed the price of US light crude as low as $105.46 per barrel yesterday, a $10 fall. Iran, the most hawkish member of the oil cartel, called for agreement next week on a cut of 1.5 million barrels per day in output.
Oil price of $100 a barrel on horizon...
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