ARTICLE SERVICES            Reprint this article     Print this article       Send as an e-mail     Send Feedback       Post a comment       RELATED STORIES   Demand slump drives oil, metals down World markets hit 5-½ yr lows Dollar firm as global recession deepens S&P affirms RP ratings, stable outlook Banks still get to boost lending Thrift bank up for sale BSP ready to act to counter downturn Focus backs out of Tindalo venture BSP wants cover for forex losses GMA 7 expanding overseas IPP contracts sale pushed Mobile money exchange scheme launched Lodestar, OVMPC sign deal More Stories » Business Aim to retire with no debts PLDT taps Meralco for new venture Corporate war comes to Philex RCBC bent on expansion EDC to raise P18B more April exports fall 35.2% on year Wall Street crook to earn pennies Piltel transforms into holding firm Plan your fun-spending this summer Money lessons you won't learn in class Business GMA 7 expanding overseas Thrift bank up for sale BSP wants cover for forex losses Focus backs out of Tindalo venture S&P affirms RP ratings, stable outlook QC judge told issue arrest order vs PBA cager Mobile money exchange scheme launched Robinsons mall, hotel to rise in Tacloban PLDT taps Meralco for new venture BSP ready to act to counter downturn Problems in search of marketing solutions Lodestar, OVMPC sign deal   Business Most Read RSS Jayceekay Stationers & Engravers Look for: Caroline L. Paspe Tel. No.: 817.6384 or 817.6786 Wally Gonzales Photography Look for: Arlene Lacea Tel.No.: 890.5524 or 890.1318 Mobile: 0917.8492559

SINGAPORE -- US crude oil fell more than $1 a barrel on Thursday, a fifth session of falls, after US crude stocks climbed twice as much as expected, signalling an economic downturn is eating into fuel demand.

US light crude for December delivery was $1.02 lower at $52.60 a barrel at 0801 GMT.

• Demand slump drives oil, metals down
• World markets hit 5-½ yr lows
• Dollar firm as global recession deepens

• S&P affirms RP ratings, stable outlook
• Banks still get to boost lending
• Thrift bank up for sale
• BSP ready to act to counter downturn
• Focus backs out of Tindalo venture
• BSP wants cover for forex losses
• GMA 7 expanding overseas
• IPP contracts sale pushed
• Mobile money exchange scheme launched
• Lodestar, OVMPC sign deal