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Oil drops below $93
- Middle East: Monday, September 15 - 2008 at 16:05
Oil prices plunged below $93 on Monday, hitting seven-month lows. Brent North Sea crude for delivery in October tumbled to $92.84 a barrel - the lowest level since February. It later recovered slightly to stand at $93.42, a drop of $4.16. New York's main contract, light sweet crude for October delivery, dived 4.40 dollars to 96.78 dollars a barrel.
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Jeff Florian, Senior ReporterMonday, September 15 - 2008 at 16:05 UAE local time (GMT+4)
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