16.03.2009 - Few winners emerge from sapped energy funds
From Theglobeandmail.com: A global economic slowdown, and falling commodity prices have zapped energy stocks. The Paris-based International Energy Agency yesterday added more pessimism, forecasting a drop in global oil demand in 2009 for a second consecutive year - the first time since 1982-83. Crude oil prices, which have plunged from a peak of $147 (U.S.) a barrel last summer, lurched between $42 and $47 this week amid uncertainty as to whether OPEC leaders would cut oil output this weekend..... Full Article: Source
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