crude oil

Precious metals dropped for the week, as did stocks. London silver, gold and platinum fell 9.5 percent, 0.6 percent, and 3.4 percent respectively.

The Dow declined 5.0 percent, the S&P lost 6.2 percent, and the Nasdaq dropped 7.9 percent from last Friday's close.

New York December crude-oil settled to $57.05 a barrel, losing $1.30 on Friday.

The good news for consumers is the average price for unleaded gasoline fell to $2.15 a gallon - a far cry from its $3.13 average just a month ago, according to AAA.

Precious metals continued their declines on Wednesday as the U.S. dollar gained and crude-oil dropped by more than 5 percent - its lowest level since January 2007.

New York silver, gold and platinum futures fell 3.3 percent, 2.0 percent and 0.2 percent respectively.

Energy-rich Kazakhstan could cut crude oil export tariffs by one-third in an effort to ease the burden on domestic producers, Energy Minister Sauat Mynbayev said Monday.

Crude oil dropped as low as $69.15 a barrel, less than half its July record price, after the government reported massive increases in U.S. crude and gasoline supplies.

Oil prices fell to an 8-month low below $90 a barrel on speculation that the spreading financial crisis will exacerbate a global economic slowdown and cut demand for crude oil.

Lines eased somewhat Tuesday in Atlanta, the largest city hit by a hurricane-induced gas shortage in the southeast, as Georgia's governor waited for a White House answer to his request to release more crude oil.

New York silver, gold and platinum futures fell Tuesday, as the U.S. dollar showed strength and crude dropped following yesterday's monstrous surge.

After gaining more than $16 Monday, November crude-oil fell $2.76 to end at $106.61 per barrel...

New York precious metals declined Tuesday with platinum plunging 9.2 percent, gold dropping 0.8 percent, silver declining 5.6 percent, and October crude-oil free-falling by $4.56 to $91.15 per barrel.

Crude oil on the futures market briefly sank below the $100-a-barrel mark for the first time since April 2.

The fact that U.S. fuel demand is so weak right now might mean the recent surge in the wholesale price of gasoline—which rose to about $4.85 a gallon in the Gulf Coast market Friday—might not be passed along to consumers.

Precious metals fell for the week with silver, gold and platinum plunging 6.3 percent, 2.8 percent and 4.4 percent, respectively.

As the U.S. dollar climbed, stocks and crude oil declined. For the week, the Dow lost 2.8 percent and the Nasdaq 4.7 percent.