Mon, Dec 22, 2014
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Oil, Price Watch more

Oil drops to lowest price since 2010

Posted on 04 October 2011

Oil started the final quarter of 2011 with a whimper. The benchmark price dropped below $78 per barrel to its lowest level in more than a year, as fears of another recession grew. Oil fell along with broad declines on Wall Street: The Dow Jones industrial average, the S&P 500 and the Nasdaq composite were each down about 2 percent.
Investors are concerned about a pair of recent announcements that point to weaker demand and even lower energy prices this year. Greece, at the center of the European debt crisis, said over the weekend that it will miss its lower spending targets despite severe cost-cutting……………………………………….Full Article: Source


 Article link

This post was written by:

VRS - who has written 38538 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
December 2014
S M T W T F S
« Nov    
 123456
78910111213
14151617181920
21222324252627
28293031