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THE DEBATE

France's Burkini Ban: Identity politics go to the beach (part 1)

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THE DEBATE

France's Burkini Ban: Identity politics go to the beach (part 2)

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FOCUS

Chancellor Merkel's immigration policy faces test on her home turf

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FRENCH CONNECTIONS

Understanding the burkini ban

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BUSINESS DAILY

US Treasury lashes out at EU tax probes

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INSIDE THE AMERICAS

Olympic Hangover: festive mood dampened by gloomy economy

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IN THE PAPERS

British professor says 'no shame' in reading romance novels

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IN THE PAPERS

Libération:'STOP hunting for burkinis!'

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EYE ON AFRICA

Closing arguments presented in the ICC trial of the Malian Jihadist who destroyed shrines

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Oil prices sink to new record

Latest update : 2008-12-11

In a couple of days, OPEC will decide whether to cut oil production. Meanwhile crude prices on the New York market were down to 66.20 during the day, a price-low that was last reached in June 2007.

Crude oil prices careened lower Wednesday on news of surging US energy reserves that highlighted falling demand in a cooling global economy gripped in a credit squeeze.

A sharp rise in the dollar also put pressure on the dollar-priced commodity, making it more expensive for buyers using relatively weaker currencies.

Brent crude oil plunged five percent, to a 16-month low below 65 dollars a barrel.

In London, Brent North Sea crude for December delivery fell to 64.59 dollars, its lowest level since May 9, 2007.

New York's main contract, light sweet crude for December, slid to 66.73 dollars a barrel, a low last seen on June 14, 2007.

Date created : 2008-10-22

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