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Another Oil Plunge

October 10, 2008 | Comment(s): 0

Recommended this article (6)

XOM | COP | CVX

It feels like September 2007 again. Crude oil prices slipped below the $80 mark on Friday, the first time since last September, when it used to trade in the high-$70s. The price of U.S. crude for November delivery slumped around $7 to $78.61 per barrel. The result: oil giants like Exxon Mobil (XOM - Analyst Report), Chevron (CVX - Analyst Report) and ConocoPhillips (COP - Analyst Report), all falling by more than 8%. The plunge in oil prices came on the back of the deepening financial crisis and fears of lower demand.

Read the full analyst report on XOM

Read the full analyst report on COP

Read the full analyst report on CVX

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