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Oil prices tumble in biggest weekly drop ever (AP)

Written by on July 18th, 2008 in Latest News.

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Oil traders react during trading activity on the floor of the New York Mercantile Exchange, Friday July 18, 2008. Oil prices rose above $131 a barrel Friday as news of an output cut in Nigeria helped to halt the sharp decline in prices that began three days ago. (AP Photos/Bebeto Matthews)AP – The price of oil recorded its largest weekly drop ever, and a gallon of gas finally pulled back from its record high. So is it time to declare the energy bubble popped?

Original post by AP and software by Elliott Back

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