| 12.11.2008 - Oil hovers near $59 as demand falls |
| From Livemint.com: US crude was trading 21 cents lower at $59.12 by 8:15am (IST). In the last session, the market settled down $3.08 at $59.33 a barrel, its lowest settlement in 20 months. Oil inched lower on Wednesday, after falling 5% a day ago to close below $60 for the first time since March 2007, as weakening energy demand more than offset news of more supply reductions..... Full Article: Source |