Oil extended its sharp drop to below $49 a barrel on Tuesday.
From the Great Depression, we remember the bread lines.
But suddenly, all of Thomas’s success appears to be melting away.
While OPEC's first priority is to put a floor under a near-$100.
It can't be done before that becoz of the Election Commission's code of conduct.
The January contract Friday rose 51 cents to settle at USD 49.93.
They even do not rule out a possibility of 30 dollars.
Oil fell for a fifth straight session to approach $50 a barrel on Thursday.
These inflows helped banks withstand credit crisis losses.
Increased liquidity with housing finance companies would help
