免费日韩片_欧美成人精品一区二区男人小说_国产乱码一区二区三区四区_国产精品国产三级国产aⅴ入口_成人看的污污超级黄网站免费_欧美一级在线免费观看_成人午夜免费无码福利片_国产乱人伦偷精品视频色欲_aaa少妇高潮大片免费看_国产精品1234_亚洲精品国产suv一区88_中文字字幕在线中文无码_精品亚洲区_午夜九九九_国产av国片精品jk制服丝袜_色综合亚洲_亚洲成av人片无码bt种子下载_欧美色就色_精品少妇的一区二区三区四区_男人用嘴添女人下身免费视频

Global General

Special

Newsmaker

Asia Pacific

America

Middle East

Europe

Africa

Oil tumbles as recession fear outweighs OPEC output cut

(Xinhua)
Updated: 2008-10-25 00:06

NEW YORK -- Oil prices slid more than 7 percent Friday morning as the fear of a global recession outweighed OPEC's decision to cut crude output.

Light, sweet crude for December delivery tumbled to as low as US$62.85 a barrel, trading down US$4.99, on the New York Mercantile Exchange.

Related readings:  OPEC agrees to cut oil output  Oil edges up after sharp fall; eyes on OPEC  Oil tumbles to 16-month low, below $67

OPEC announced a slash of 1.5 million barrels daily crude production on its emergent meeting in Vienna Friday, in an effort to stabilize the sharp falling of oil prices.

But the decision had little influence on the commodity market as investors feared that the global economy may enter a deep recession, which would force consumers and businesses to cut back on energy consumption. US stocks plunged at the opening Friday with Dow shedding 400 points. Major indexes in Asian market ended sharply lower as well.

Crude oil has shed more than 57 percent since its record high of US$147.27 a barrel on July 11.