Oil falls over $1 on credit worries
SYDNEY (Reuters) – Oil prices fell over a dollar on Monday, dragged down by fears of an escalating fallout in top energy consumer the United States from the subprime crisis and by easing tensions in the Middle East.
SHANGHAI (Reuters) – Shares in PetroChina more than doubled in their market debut on Monday after raising $9 billion in the world’s biggest IPO this year, surging past analysts’ expectations as China’s top producer enjoys soaring crude prices.
About Pete Southern
Pete Southern is an active trader, chartist and writer for market blogs. He is currently technical analysis contributor and admin at this here blog.
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