Investors worry that the worsening crisis could lead to a further decline in demand for oil. Paste this link into your favorite RSS desktop reader NEW YORK (CNNMoney.com) -- Oil prices continued to decline Thursday as global economic problems hammered demand for crude products. U.S. crude for November delivery slipped $2.06 to $86.89 a barrel in electronic trading. As the world economy weakens and borrowing money from banks becomes more difficult, many worry that businesses and consumers will cut back on fuel consumption. When money is tight, energy expenditures are often among the first to be cut, according to analysts. In an effort to loosen up the credit markets, the Federal Reserve and central banks in Europe launched coordinated interbank lending rate cuts Wednesday. And last Friday, President George W. Bush signed into...
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