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Commodities Briefing - Categorized | Oil, Price Watch more

World oil prices near 35 dollars as IEA cuts demand forecast

Posted on 19 January 2009

From Zawya.com: Oil prices neared 35 dollars per barrel in New York on Friday after the International Energy Agency slashed its crude demand forecasts due to a much sharper-than-expected global economic slowdown.

New York’s main contract, light sweet crude for delivery in February, eased three cents to 35.37 dollars a barrel on the New York Mercantile Exchange (NYMEX)….. Full Article: Source


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