Posted AT 5:13 PM EST on 16/09/08
Crude continues steep slide
NEW YORK — Oil prices extended their retreat Tuesday, shedding $10 (U.S.) a barrel in a violent, two-day slide as tumult on Wall Street dims hopes for a swift economic recovery and signals another drop in U.S. energy demand.
Crude, which shot up near $150 a barrel only two months ago, is now down 8 per cent for the year.
As uncertainty grips Wall Street, evidence mounted that U.S.
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