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Oil dives below $50 as investor confidence sink

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Oil dives below $50 as investor confidence sinks


Business | 206626 hits | Nov 20 8:32 am | Posted by: WDHIII
10 Comment

LONDON (Reuters) - Oil plunged below $50 a barrel on Thursday, deepening losses over the previous four sessions as battered financial markets reflected ever lower confidence in the world economy and evidence mounted of falling fuel demand.

Comments

  1. by avatar acidcomplex
    Thu Nov 20, 2008 5:09 pm
    Oh no poor poor oil companies making only 40 billion instead of 80. Not a stich of sympathy here, there all crooks and should be dealt with as such

  2. by avatar QBC
    Thu Nov 20, 2008 5:16 pm
    I like how gas prices in Ontario are as low as 72 cents a litre, it's 95.9 here, who's screwing who?

  3. by avatar martin14
    Thu Nov 20, 2008 5:18 pm
    if the price would only stay there...

  4. by avatar acidcomplex
    Thu Nov 20, 2008 5:29 pm
    "QBC" said
    I like how gas prices in Ontario are as low as 72 cents a litre, it's 95.9 here, who's screwing who?


    81.3 here wooohooo

  5. by avatar Mockingbird
    Thu Nov 20, 2008 5:34 pm
    76.9 here, time to fill up!

  6. by Anonymous
    Thu Nov 20, 2008 6:09 pm
    Superstore coupons and gas buck returns.......


    44 cents a liter 8O

    it's like we went back in time.



  7. by Anonymous
    Thu Nov 20, 2008 6:14 pm
    "acidcomplex" said
    Oh no poor poor oil companies making only 40 billion instead of 80. Not a stich of sympathy here, there all crooks and should be dealt with as such


    yeah all those thousands of oil field workers who could be laid off just in time for Christmas :(

    that's real good for the Canadian economy..looks like there will be a lot off Newfies going home for Christmas and staying home.

  8. by avatar Mockingbird
    Thu Nov 20, 2008 6:20 pm
    "mtbr" said
    Superstore coupons and gas buck returns.......


    44 cents a liter 8O

    it's like we went back in time.




    Holy chit! Guess I'm hitting the Superstore! Great video btw.

  9. by avatar acidcomplex
    Thu Nov 20, 2008 8:43 pm
    "mtbr" said
    Oh no poor poor oil companies making only 40 billion instead of 80. Not a stich of sympathy here, there all crooks and should be dealt with as such


    yeah all those thousands of oil field workers who could be laid off just in time for Christmas :(

    Get real no one is getting laidoff over it

    "mtbr" said
    looks like there will be a lot off Newfies going home for Christmas and staying home.



    you say that like its a bad thing :)

  10. by Anonymous
    Thu Nov 20, 2008 8:47 pm
    "acidcomplex" said


    Get real no one is getting laidoff over it


    give it 6 weeks...you live in Edmonton? you will see it first.

    oil dropped another 5 bucks today.

  11. by avatar acidcomplex
    Thu Nov 20, 2008 8:57 pm
    "mtbr" said


    Get real no one is getting laidoff over it


    give it 6 weeks...you live in Edmonton? you will see it first.

    oil dropped another 5 bucks today.


    lol I do yes and my oilfield buddies just got told today that there would be no layoffs etc, not that its true but it will take a bit more then gas dropping to put oil workers out on strret, first step would be paycuts,taking bonuses, less over time etc...



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Who voted on this?

  • WDHIII Thu Nov 20, 2008 8:42 am
  • kitty Thu Nov 20, 2008 9:57 am
  • mtbr Thu Nov 20, 2008 10:16 am
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