Tuesday, October 03, 2006

Must be Bush's Fault! (Part II)

LONDON (Reuters) - Oil tumbled $2 on Tuesday to below $60 a barrel, sinking to the lowest level since February and prompting OPEC's president to call on the exporter group to deepen supply cuts.

Prices fell for a second day, pressured by ample fuel stockpiles in top consumer the United States and no public evidence of other OPEC members joining Nigeria and Venezuela in cutting output.