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                    [Title] => GLOBAL NEWS: Oil lingers near $55 as investors mull recession
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DECEMBER BRENT

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abtest

GLOBAL NEWS: Oil falls to near $53 as OPEC doesn't cut output

December 1, 2008 - 12:37pm

SINGAPORE (AP) -Oil prices fell to near $53 a barrel Monday in Asia after OPEC declined to cut production at an informal meeting in Cairo on Saturday.

GLOBAL NEWS : Oil falls below $54 in Asia ahead of OPEC meeting

November 28, 2008 - 3:06pm

SINGAPORE (AP) -Oil prices fell below $54 a barrel Friday in Asia as investors eyed a possible production cut by OPEC this weekend amid a gloomy global demand outlook.

GLOBAL NEWS : Oil falls to near $53 as US demand outlook worsens

November 27, 2008 - 1:30pm

SINGAPORE (AP) -Oil prices fell to near $53 a barrel Thursday in Asia as dismal US economic data and rising crude inventories outweighed the possibility of production cuts by OPEC and Russia.

GLOBAL NEWS: Oil falls below $54 in Asia after rising overnight

November 25, 2008 - 12:23pm

SINGAPORE (AP) -Oil prices fell below $54 a barrel Tuesday in Asia after surging overnight as investors mulled whether a US government bailout of Citigroup Inc.

GLOBAL NEWS: Oil prices rise above $50 on Obama economy team

November 24, 2008 - 12:31pm

SINGAPORE (AP) -Oil prices rose above $50 a barrel Monday in Asia as investors gained some confidence from reports that US President-elect Barack Obama has chosen an economic team to tackle what could be the worst...

GLOBAL NEWS : Oil falls below $53 on fears of deep recession

November 20, 2008 - 2:19pm

SINGAPORE (AP) -Oil prices fell below $53 to almost a two-year low Thursday in Asia as investors, egged on by plummeting stock markets, priced in lower crude demand from a global economic downturn that's shaping...

GLOBAL NEWS : Oil steady near 22-month low below $55 in Asia

November 19, 2008 - 1:41pm

SINGAPORE (AP) -Oil prices were steady below $55 a barrel Wednesday in Asia as investors paused to examine the extent of global economic weakness, which has sent crude down more than 60 percent in four month...

GLOBAL NEWS: Oil lingers near $55 as investors mull recession

November 18, 2008 - 1:14pm

SINGAPORE (AP) -Oil prices lingered near $55 a barrel Tuesday in Asia as investors mulled more dire news pointing to a prolonged recession in developed countries and sustained weakness in demand for crude.

GLOBAL NEWS : Oil falls below $56 as Japan slips into recession

November 17, 2008 - 1:12pm

SINGAPORE (AP) -Oil prices fell below $56 a barrel Monday in Asia as news that Japan fell into recession highlighted investor fears of a global economic slowdown that will hurt crude demand.

GLOBAL NEWS: Oil falls to $55 on grim US economic outlook

November 13, 2008 - 12:35pm

SINGAPORE (AP) -Oil prices slid to near $55 a barrel Thursday in Asia as more bad economic news from the US heightened ...