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Commodities Briefing - Categorized | Oil, Price Watch more

Oil falls towards $42 as demand jitters weigh

Posted on 29 January 2009

From Guardian: Oil edged down towards $42 a barrel on Thursday, as fears over faltering demand in the global economy outweighed U.S. data showing lower gasoline and distillate stocks in the world’s top energy consumer.

Traders will watch for U.S. weekly jobless claims and December durable goods orders later on Thursday, as well as advance fourth-quarter gross domestic product data on Friday, for further clues on the health of the U.S. economy….. Full Article: Source


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