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Wall Street hit by oil price, bad economic outlooks (ABC)

May 21, 2008
Story Timeline:  197 days

By finance reporter Adrian Thirsk Wall Street has been hit with a repeat dose of record oil prices and unsettling economic news. Crude oil futures traded on the New York Mercantile Exchange have surged overnight, with the December contract almost touching $US135 a barrel. The Fed now expects US... [read full story]                    

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Latest article on this story:

Wall Street recovers as oil prices fall back

abc.net.au May 22, 2008
First article on this story:

Wall Street hit by oil price, bad economic outlooks

abc.net.au May 21, 2008
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