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Oil trading * USA - Around $66 as demand continues to ebb
Houston,TX,USA -The Associated Press/The Trucker, by JOHN PORRETTO -5 Nov 2008: -- Oil prices dipped below $66 a barrel Wednesday as investor sentiment once again seemed to shift to the growing global economic malaise and its potential impact on energy demand. Gasoline prices continued to tumble... Indications are that OPEC was acting on an earlier pledge to pull 1.5 million barrels of crude a day from the market failed to support prices... Light, sweet crude for December delivery fell $4.84 to $65.69 a barrel in afternoon trading on the New York Mercantile Exchange... For the week ended Oct. 31, crude-oil inventories remained at 311.9 million barrels, 1.5 percent above year-ago levels, the Energy Department’s Energy Information Administration said in its weekly report... In London, December Brent crude fell $4.34 to $62.10 on the ICE Futures exchange...Labels: oil news worldwide
posted by Unknown @ 4:45 AM
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