Friday, November 28, 2008
Oil falls below $54 as rising oil inventories, bad economic data point to falling US demandOil
prices fell below $54 a barrel Thursday as dismal U.S. economic data
and rising crude inventories outweighed the possibility of production
cuts by OPEC and Russia.By midday in Europe, light, sweet crude for
January delivery was down $1.19 to $53.25 a barrel in electronic
trading on the New York Mercantile... [read more]
posted by fxgentrader,
in analysts, economic news, ForexGen Trading, gasoline inventories, indicator, oil, Oil prices, U.S. economic
@ 3:13 PM,
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