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| Version 1 | Version 2 |
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| Brent oil price near $60 a barrel | Brent oil price near $60 a barrel |
| (8 minutes later) | |
| The price of Brent crude fell to its lowest level in more than 20 months amid concerns about the US economy, before later edging back up. | |
| Brent crude fell as low as $58.38 a barrel before rising back up to $61.10 a barrel by late morning in London. | |
| US sweet crude oil traded at $64.86 per barrel, having dipped as low as $62.25. | US sweet crude oil traded at $64.86 per barrel, having dipped as low as $62.25. |
| Oil prices have slumped since hitting a record of $147 a barrel in July, as consumers have cut their spending and the chances of a global recession grow. | Oil prices have slumped since hitting a record of $147 a barrel in July, as consumers have cut their spending and the chances of a global recession grow. |
| Members of oil cartel Opec have decided to cut output to boost prices. | Members of oil cartel Opec have decided to cut output to boost prices. |
| "The overriding concern is the economy in the US," said Victor Shum, energy analyst at consultancy Purvin & Gertz. | "The overriding concern is the economy in the US," said Victor Shum, energy analyst at consultancy Purvin & Gertz. |
| Credit Suisse has cut its forecast for China's energy demand, predicting that it will remain unchanged in 2009. | Credit Suisse has cut its forecast for China's energy demand, predicting that it will remain unchanged in 2009. |
| Recent figures showed China's economic growth rate fell for the third quarter in a row, prompting fears of a wider downturn. | Recent figures showed China's economic growth rate fell for the third quarter in a row, prompting fears of a wider downturn. |
| Growth slowed to an annual pace of 9% in the three months to September - down from 10.1% over the previous quarter. | Growth slowed to an annual pace of 9% in the three months to September - down from 10.1% over the previous quarter. |
| There had been hopes that growth in developing nations such as China and India would help offset the slump in demand in US. | There had been hopes that growth in developing nations such as China and India would help offset the slump in demand in US. |
| On Monday, poor US economic data underlined the degree of the slowdown in the world's largest economy. | On Monday, poor US economic data underlined the degree of the slowdown in the world's largest economy. |
| The Institute for Supply Management said its manufacturing index dropped to 38.9 in October - its worst reading for 26 years. Any reading under 50 indicates contraction. | The Institute for Supply Management said its manufacturing index dropped to 38.9 in October - its worst reading for 26 years. Any reading under 50 indicates contraction. |