So prices fell 8pc to $107 a barrel, their steepest weekly drop in three months.

It was the 11th straight weekly drop.

That was the largest weekly drop of the year, as fear of inflation continues to dominate the bond market.

The figures showed that M-2 declined by $6.9 billion during the week ended July 8 - the third straight weekly drop.

Celluloid drops in week 4 about 45%, the largest weekly drop the film has seen since its release.

But for the week, the Dow fell 694.97 points, or 8 percent, to 8,684.53, its steepest weekly drop since September.

The size of the weekly drop was smaller than the week before, which followed a cut in bank prime rates.

That was the biggest weekly drop since a fall of 81.61 points in the week ended Aug. 12.

The Dow's weekly drop, totaled a record 295.98 points.

It was the second weekly drop, and suggests that the supply of labor is still shrinking.