Oil Falls Below $120 with Gas at $3.871
Dated: August 6th, 2008
On Tuesday, August 5 oil prices dipped below $120 a barrel in anticipation of an afternoon decision by the Federal Reserve on key interest rates.
The Federal Reserve will likely leave the rate at 2 percent, an indication of continued economic problems for the United States and a further decline in the overall demand for crude products…read more.