SEPT 27 SATURDAY
Crude slides as bail out deal comes undone.
US Crude oil futures tumbled on Friday on the
failure of Washington to cobble together a bail out
deal even as another bank Domino toppled.
On the New York Mercantile Exchange ay 9.37 am
EDT (1337 GMT) , November crude was down $ 2.82 or
2.61 % at $ 105.20 a barrel trading from $ 104.25 to
$ 108.11.
In London Brent Crude fell $ 2.30 or 2.2 % to $ 102.30
a barrel trading from $ 101.20 to 103.77.
Pressure mounted om law makers on Friday to agree
on a $ 700 million financial rescue plan after talks at
the White house broke down and the biggest bank
closure in US history roiled global markets.
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