Wall Street slides as oil prices surge
30-12-2008
Shares on Wall Street slid a third of a percent as oil prices surged in volatile trade in response to the Israel-Hamas conflict. Sentiment was also dampened by Dow Chemical's loss of a major deal with Kuwait. It's feared the pullout - announced yesterday by the Kuwaiti government - could jeopardize financing of Dow's agreed 18.8-billion-dollar acquisition of Rohm and Haas.
