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Oil - USA - Crude, Heating Oil Decline on Lower Demand Forecast
USA - Transport Topics News/Bloomberg -12 Nov 2005: -- Crude oil futures fell in early trading Friday following a closing price of $57.80 on Thursday, the lowest closing price since July 21, on projections of lower energy demand... Light sweet futures fell another 60 cents Friday morning to $57.20 a barrel... Heating oil futures — which often parallel diesel fuel in the winter — also fell to the lowest level in three months... The declines followed an International Energy Agency report that showed world oil use will be 85.01 million barrels next year — 140,000 below last month’s projection...
posted by Unknown @ 11:11 AM
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