Treasuries Decline as Oil Falls From Highest Level Since 2008

Business Week reports that treasuries fell as crude oil plunged to its highest level since September 2008.

The market news is quoted as saying:

Crude oil for April delivery on the New York Mercantile Exchange dropped for the first time in three days, falling 0.9 percent to $104.54 a barrel. Kuwait’s oil minister, Sheikh Ahmad al-Abdullah al-Sabah, told reporters in Kuwait City today that OPEC members are discussing whether to hold an emergency meeting on possibly increasing production.

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