Crude Oil Falls Below $90 on Concern Economic Growth Will Slow

Nov. 30 (Bloomberg) -- Crude Oil fell below $90 a barrel for the first time in a month on concern U.S. economic growth will slow, reducing energy demand.

Consumer spending in the U.S., the world's biggest oil user, rose less than forecast in October and incomes increased at the slowest pace in six months, the Commerce Department said in Washington today. Oil is heading for its biggest one-week drop in two years. Prices climbed to a record $99.29 a barrel on Nov. 21. Read on->