MINYAK DUNIA DAH TURUN BEB

Oil ends at one-month low on economic worries
23/1/2008

NEW YORK (Reuters) - Oil settled at a one-month low on Tuesday amid intensifying worry a weak U.S. economy could trigger a global slowdown in energy demand.
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Limiting the market's losses, the Federal Reserve slashed interest rates by 75 basis points in a surprise move aimed at averting recession.

"The Fed's aggressive actions ahead of its regularly scheduled meeting was mildly supportive to crude oil market," said Eric Wittenauer, analyst at A.G. Edwards in St. Louis. "But (the Fed) did take emergency action, so that's worrisome and crude oil didn't recover fully."

U.S. crude ettled down 72 cents to $89.85 a barrel -- the first settlement below $90 since December 10. London Brent crude gained 94 cents to $88.45 a barrel. More...

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