| I snipped all the hand-wringing; this is what was left. |
NEW YORK (Reuters) - Oil tumbled on Wednesday, sliding to a 13-month low on expectations that a deepening economic slowdown will cut into already weakening demand.
U.S. crude fell $4.09 a barrel to settle at $74.54, falling to $74.22 in post-settlement Globex electronic trading, the lowest since September 2007 and down nearly 50 percent since hitting a record over $147 in July. London Brent crude fell $3.73, or 5 percent, to settle at $70.80 a barrel. |