Crude Oil Drops to 1-Month Low After Retail Sales Fall Short of Estimates
Margot Habiby and Mark Shenk, Bloomberg.com, 13 Aug 2010Crude oil fell, capping its worst week in six, after sales at U.S. retailers rose less than forecast in July, a sign that economic growth is slowing.
Oil dropped to a one-month low as a lack of jobs prompted Americans to hold back on spending, according to figures from the Commerce Department. U.S. ... Read full article

