Tag Archives: Grim Economic Outlook
Crude Oil Trades near $39 on Grim Economic Outlook
Posted on31. Dec, 2008 by admin.
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Oil prices fell $1.00 on Tuesday as fear about demand in the global economy outweighed expectations of further Saudi supply cuts in February and tension in the Middle East due to the Israeli-Hamas conflict. The market took in data showing a sharp fall in weekly U.S. retail gasoline demand, and record low consumer confidence in [...]
