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Oil closes below $119 after inventory report - MSNBC

By germanifa01 - August 7th, 2008, 3:18, Category: General

Oil prices briefly dropped below $118 a barrel Wednesday — $30 below their record high — after a jump in U.S. crude and other fuel supplies fed beliefs that high energy prices are eating into demand. Light, sweet crude for September delivery finished the session down 59 cents at $118.58 a barrel more info

BANGKOK, Thailand August 7, 2008, 03:32 am ET · President Bush praised the spread of freedom in Asia while training a harsh spotlight Thursday on the region's democratic laggards, sharply criticizing oppression and human rights abuses in China, Myanmar and North Korea. Bush's speech, outlining more info

Islamabad: Pakistan’s ruling coalition has agreed to impeach President Pervez Musharraf, local media reported on Thursday. Pakistan television Dawn News said the coalition had come to their decision after three days of closed door talks. Geo TV also reported on its website that the "coalition’s more info

MIAMI (AP) - Forecasters say Tropical Storm Hernan has gained strength since forming far off Mexico's Pacific coast. According to the National Hurricane Center in Miami, the storm's maximum sustained winds have increased to near 50 mph. Additional strengthening is expected and the storm could become more info