Sat, Oct 25, 2014
A A A
Welcome kbr175@gmail.com
RSS

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

Oil prices may average $47-50 a barrel in 2009

Posted on 29 December 2008

From Livemint.com: Oil prices, which hit record highs above $147 (Rs7,041.30 at today’s rate) a barrel this year before plunging under $33, risk slumping more in 2009 as recession curbs world’s appetite for energy, analysts say.

Oil prices have tumbled by about 57% since the start of 2008 when they traded at about $95 per barrel. The market had doubled in value over the course of 2007 from a low point of just under $50 per barrel….. Full Article: Source


 Article link

This post was written by:

VRS - who has written 37629 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
October 2014
S M T W T F S
« Sep    
 1234
567891011
12131415161718
19202122232425
262728293031