Mon, Mar 2, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Commodity Crisis, Oil, Price Watch more

Oil leads commodities lower

Posted on 03 October 2008

From FT: Oil, metals and grains retreated on Thursday amid growing concerns about the impact of the credit crisis on global economic activity. Oil prices remained under pressure following the release on Wednesday of US data showing a substantial weakening in consumption.

Total product demand in the US averaged 19.02m b/d over the past four weeks, down 7.1 per cent compared with the same period a year ago. Nymex November West Texas Intermediate sank $4.56 to close at $93.97 a barrel, having reached $100.37. ICE November Brent fell $4.77 to $90.56 a barrel….. Full Article: Source


 Article link

This post was written by:

VRS - who has written 39456 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
March 2015
S M T W T F S
« Feb    
1234567
891011121314
15161718192021
22232425262728
293031