In Brief: Oil triggers Japan's drop

Published: November 18, 2008

OIL TRIGGERS JAPAN’s DROP

Oil prices fell below $56 Monday and gasoline futures plunged to a new low as Japan joined a number of European nations in recession and provided even more evidence of a broad deterioration in demand for energy. Japan, the world’s second-largest economy, said it slid into a recession for the first time since 2001.

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Related Topics: Public Finance, Business, Financial Markets, Economic Issues, Oil Prices, Commodity Markets, Recessions and Depressions, Options and Futures Markets, Economic Crisis


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