Oil prices sink again on worries about demand
Oil prices sank again Tuesday, falling below $50 a barrel in New York as the market worried about demand on signs of a deepening global economic downturn.
Oil prices rose past $104 per barrel to end the week at a 29-month high, as fighting in Libya intensified and the world's largest petroleum consumer, the US, reported that employers added nearly 200,000 new jobs in February.