Archive for December 14th, 2009
Crude Drops on Global Demand Concerns
Posted on14. Dec, 2009 by admin.
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Following the positive Dollar news on Friday, the price of crude temporarily rose above $70.00. This increase proved to be temporary, largely due to a Japanese business confidence report, and prices have since dropped to around the $69.50 level. The report showed that business confidence increased marginally, implying that demand for crude is down in [...]
