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: 12/18/08 - Oil falls below $38 per barrel. Jason M. Hendler 12-18-2008, 11:44 AM 12/18/08 - Oil falls below $38 per barrel, as demand drops faster than supply: Link (http://www.bloomberg.com/apps/news?pid=20601087&sid=aaMkVTKZLF.c&refer=home) Guy Incognito 12-18-2008, 02:33 PM I'm surprised that it still dropped with OPEC having announced production cuts as of yesterday. This is the 3rd production cut since September; OPEC has decreased its production by 12% so far. OPEC Agrees to Another Cut in Production (http://www.nytimes.com/2008/12/18/business/worldbusiness/18opec.html) oil-price.net (http://www.oil-price.net/) _-= | |