Thu, Sep 18, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Oil, Price Watch more

Oil falls on concern OPEC cuts won’t outweigh demand declines

Posted on 20 February 2009

From Bloomberg:Crude oil fell, paring its largest gain in seven weeks, on concern that OPEC output cuts may not erode supply enough amid weak global demand for fuels.

Oil jumped 14 percent yesterday after a U.S. Energy Department report showed inventories dropped 138,000 barrels to 350.6 million barrels last week, the first decline this year. Crude imports to the U.S. fell 8.9 percent. ….. Full Article: Source


 Article link

This post was written by:

VRS - who has written 36970 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
September 2014
S M T W T F S
« Aug    
 123456
78910111213
14151617181920
21222324252627
282930