Tuesday, November 11, 2008

In the News: Nov-11

Oil drops 5 percent to $59 as demand weighs - 11 Nov 2008 at 2:50pm - NEW YORK (Reuters) - Oil prices fell 5 percent to $59 a barrel on Tuesday as the deepening global economic crisis dragged down markets and raised expectations energy demand will slow further.

Baghdad bridge of death becomes bridge of hope - 11 Nov 2008 at 11:44am - BAGHDAD (Reuters) - Sunnis and Shi'ites made an emotional reach across the sectarian divide on Tuesday, reopening a Baghdad bridge between the two communities closed since a 2005 stampede, the deadliest incident of the war.

Official: Iraq, China finalize oil service deal - 11 Nov 2008 at 10:06am - BAGHDAD (AP) — Iraq and China have signed the final agreement on a $3 billion deal to develop the Ahdab oil field south of Baghdad over a 22 year-period, an Oil Ministry official said Tuesday. An initial agreement was signed in Beijing last August, restoring a Saddam Hussein-era deal that was canceled after the 2003 U.S.-led invasion of Iraq.

Thought for the day:
Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don't go up, don't buy it. -Will Rogers (1879 - 1935)


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