10.02.2009 - Oil steady below $40, eyes U.S. economic stimulus
From Reuters: Oil was little changed below $40 a barrel on Tuesday, pausing after an overnight decline, as investors adopted a wait-and-see attitude ahead of a U.S. economic stimulus package expected to be approved this week. But a gloomy demand outlook on fears of a prolonged economic recession in the United States, the world's largest energy consumer, kept oil prices below $40, analysts said..... Full Article: Source
Print