| 12.12.2008 - Crude oil falls as demand decline outweighs OPEC output cuts |
| From Bloomberg: Crude oil fell in New York on speculation that declining fuel demand because of the global economic recession will outweigh cutbacks in output by OPEC. Crude pared yesterday’s 10 percent gain, which came after Saudi Arabian Oil Minister Ali Al-Naimi said the kingdom had delivered the reductions promised to the producer group..... Full Article: Source |