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Commodities

Monday January 12, 12:38 PM

 

 

New York's main contract, light sweet crude for delivery in February, dropped 2.17 dollars to 38.66 dollars per barrel

By Marcel Mochet

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An oil platform off the coast of Angola, southwest Africa, pictured in 2007. Oil prices dropped some two dollars on Monday on concerns that a deepening global economic downturn could spark a slump in demand for energy, analysts said. An oil platform off the coast of Angola, southwest Africa, pictured in 2007. Oil prices dropped some two dollars on Monday on concerns that a deepening global economic downturn could spark a slump in demand for energy, analysts said.


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