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Commodities Briefing - Categorized | Oil, Price Watch more

Crude oil prices decline

Posted on 29 January 2009

From Webindia123.com: Crude oil prices fell sharply on the New York Mercantile Exchange Wednesday as slower demand continued to undermine price support. The American Petroleum Institute said this month that U.S. demand had fallen to the lowest levels since 2003, down to 19.4 million barrels a day.

On Wednesday, crude oil prices fell 58 cents to $41.82 per barrel. Heating oil prices gained 0.0255 cents to $1.40 per gallon. Reformulated blendstock gasoline rose 0.0091 cents to $1.1176 per gallon. Natural gas prices rose 0.087 cents to $4.59 per million British thermal units….. Full Article: Source


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