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Commodities Briefing - Categorized | Commodity Crisis, Market Moves, Price Watch more

Commodity prices mostly fall as demand concerns weigh

Posted on 19 January 2009

From Zawya.com: Commodity prices mainly slid this week, with oil dropping below 35 dollars per barrel in New York amid continuing global economic gloom, analysts said.

“Prices (of oil) fell sharply… as once again a gloomy global economic outlook raised demand concerns,” said Barclays Capital analyst Kevin Norrish. Towards the end of 2008, crude prices slumped to just above 33 dollars, which was the lowest point in four and a half years….. Full Article: Source


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