Tue, Jul 22, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Oil, Price Watch more

Crude oil tumbles to lowest since May 2005 as recession deepens

Posted on 21 November 2008

From Bloomberg: Crude oil fell to the lowest since May 2005, trading almost $100 a barrel below its July peak as a deepening recession slows demand for autos and prompts factories to curb output.

Oil dropped for a fifth day, set for a 15 percent decline this week, after U.S. jobless claims jumped more than estimates and Singapore and Taiwan cut their growth forecasts. Toyota Motor Corp. reduced North American vehicle production and Isuzu Motors Ltd. and Hino Motors Ltd. said they’ll make fewer trucks in Japan. …. Full Article: Source


 Article link

This post was written by:

VRS - who has written 36064 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

July 2014
S M T W T F S
« Jun    
 12345
6789101112
13141516171819
20212223242526
2728293031