Crude Oil Heads for Biggest Two-Day Decline Since 2009: Brent Below $100
09/08/2011 
Oil headed for its biggest two-day plunge in more than two years in New York as the U.S. credit- rating cut and rising stockpiles stoked concern an economic slowdown will worsen, reducing demand in the world’s biggest crude consumer. Brent tumbled below $100 a barrel.
New York futures fell to the lowest in more than 10 months as Asian stocks dropped for a sixth day. U.S. equities slumped the most since December 2008 in the first trading session since Standard & Poor’s Aug. 5 downgrade. An Energy Department report tomorrow may show crude inventories climbed for a third week. Brent oil traded in London slipped below $100 for the first time since Feb. 8.
“Until we can see some confidence coming back to the U.S. consumer, the situation is probably not going to change that much in t
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