| From Mns.co.uk: The price of crude oil has significantly declined following a prediction from the International Energy Agency that the global downturn will reduce demand for oil this year. On Friday, the agency said that the demand for oil around the world will decline 2.4 million barrels per day. This will bring figures down to only 83.4 million barrels.
Light crude oil in the US declined to $48.98 per barrel, a $3.26 fall. Brent oil in London fell to $51.04, by $3.02. Since the record high $147 per barrel price for oil during last July, the prices have declined......Full Article: Source
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