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Commodities Briefing - Categorized | Oil, Price Watch, Research more

Petrol prices to fall 7p a litre by Christmas, RAC predicts

Posted on 21 November 2008

From Guardian: Motorists are likely to see petrol prices come down by a further 7p a litre before Christmas after the price of oil last night dropped through the $50-a-barrel level for the first time in three and a half years.

Amid growing fears for the health of the economy, the cost of a barrel of benchmark Brent crude fell by almost $3 to $49.83 on commodity markets. US light crude, which tends to be slightly dearer than Brent, briefly dipped below the $50 level in New York trading….. Full Article: Source


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