Oil prices still falling

Oil prices kept falling yesterday as a stronger dollar and slowing demand for crude overshadowed an almost total shutdown of energy output in the Gulf of Mexico after the passage of hurricane Gustav. Light, sweet crude for October delivery fell on the New York Mercantile Exchange to $108,66 a barrel after earlier dipping as low as $107,22. In London, October Brent crude fell to $106,76 a barrel. - AFP

Oil prices kept falling yesterday as a stronger dollar and slowing demand for crude overshadowed an almost total shutdown of energy output in the Gulf of Mexico after the passage of hurricane Gustav. Light, sweet crude for October delivery fell on the New York Mercantile Exchange to $108,66 a barrel after earlier dipping as low as $107,22. In London, October Brent crude fell to $106,76 a barrel. - AFP

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