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Commodities Briefing - Categorized | Oil, Price Watch more

Crude oil poised to slide on low demand

Posted on 23 March 2009

From Theaustralian.news.com.au: Crude oil prices may decline this week on speculation that US oil and fuel inventories will increase because the recession has curbed demand and as a “fragile” stock market rally loses steam.

Seventeen of 33 analysts surveyed by Bloomberg News, or 52 per cent, said futures would fall through to March 27. Twelve respondents, or 36 per cent, forecast oil prices would increase and four said there would be little change. Last week, 43 per cent of analysts expected prices would rise…..Full Article: Source


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