Oil prices tumbled Back Up to USD83

Oil prices slumped back on the weekend trade. Just as the index of Wall Street, the cause is a case of fraud allegedly committed by Goldmand Sachs.

"In addition, several large companies also reported poor financial performance, as well as negative yag housing data," wrote the Associated Press (AP) as quoted okezone in Jakarta, Saturday (17/4/2010).

At the close of trading Friday on the New York Mercantile Exchange, oil prices (crude) fell as much as $ 2, 27 and are dilevel USD83, 24 per barrel. While the price of Brent crude oil on the ICE futures exchange fell just 1.6 U.S. cents to the position of USD85, 99 per barrel.

Meanwhile, the index index tumbled on Wall Street trading closed this weekend. Cases of fraud (fraud) who allegedly carried out Goldman Sachs and the projected financial statements of issuers snapper bad the U.S. is suspected to be the main reason.

Dow Jones index fell as much as 125.91 points, or 1.13 percent at 11018.66. Index Standard & Poor's 500 fell 19.54 points, or 1.61 percent to a level of 1192.14. Similarly, the Nasdaq composite index fell 34.43 points, or 1.37 percent to 2481.26 position.

Goldman's own shares have declined by 13 percent to $ 160, 89. This is the worst record since January 2009, which counted more than 100 million shares to investors released

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