Oil slips to a one-month low

REALITY has returned to the oil market with prices slumping to a one-month low last night on figures that revealed the US economy grew at a slower rate than previously expected and forecasts of a rise in crude supplies.

25 November 2009
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New York’s Western Texas Intermediate dropped $US2.34 to close at $75.86 a barrel after the US Commerce Department reported the economy grew at 2.8% in the third quarter, down from a previous 3.

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