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Oil price drops nearly 10%
- Middle East: Wednesday, September 03 - 2008 at 07:39
Oil prices fell by almost 10% yesterday, hitting a five-month low as Hurricane Gustav proved much less damaging to US oil facilities than initially feared. West Texas Intermediate crude for October delivery fell to a low of $105.46, a price not seen since April 8, before settling at $109.43, down $6.03.
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Jeff Florian, Senior ReporterWednesday, September 03 - 2008 at 07:39 UAE local time (GMT+4)
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