World oil prices slid yesterday, closing below $50 a barrel for the 1st time in more than two months in New York. New York's main contract, light sweet crude, fell $2.05 to $49 a barrel in closing deals. That was the lowest close since February 18, when the benchmark contract closed at $48.35. The drop capped an 11% slide in crude oil futures over the past week, moving further away from the record levels hit above $58 a barrel earlier this month.
30-Apr-05 
{{comment.DateTimeStampDisplay}}
{{comment.Comments}}