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Oil prices near 22-month low
- Middle East: Thursday, November 20 - 2008 at 07:50
Oil prices fell to a nearly 22-month low on Wednesday after a US government report showed a bigger-than-expected rise in crude inventories, heightening speculation that demand for petroleum products is waning. US crude for December delivery fell 77 cents to $53.62 a barrel. The last time prices were this low was January 2007.
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Jeff Florian, Senior ReporterThursday, November 20 - 2008 at 07:50 UAE local time (GMT+4)
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