(Stock Trading News) US stocks plummet as oil hits all-time high – NDTV.com
Crude oil hits record high of $140. Major US stock indices posted heavy losses on Thursday as the oil price hit a new record and financial institutions warned that more writedowns were on the horizon. Crude oil closed just under $140, up more than 5 per cent. Automaker General Motors suffered its worst one-day drop in three years after Goldman advised investors to sell the stock. A Seshu, a doctor from Hyderabad, has 100 Hindustan Oil Exploration at Rs 140/share. read more
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