Text Version
RSS Feeds
Newsletter
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  SERVICES
  -Text Version
  -RSS Feeds
  -Newsletter
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
 -
 -
Crude prices dip on weakened demand in U.S.
+ -
08:17, September 25, 2008

 Related Channel News
· Surge in Oil Prices
 Comment  Tell A Friend
 Print Format  Save Article
Crude prices declined Wednesday as a U.S. government report showed oil demand shrank.

The U.S. government reported that oil demand over the past four weeks running 5.3 percent below last year in the midst of mounting economic turmoil in the world's largest fuel consumer.

The Energy Information Administration also said that until last week crude stocks tumbled by 1.5 million barrels, less than analyst expectations for a 2 million-barrel fall, while gasoline stocks fell by 5.9 million barrels, compared with analyst forecasts for a 4 million-barrel draw.

Distillate stocks were down 4.2 million barrels against calls for a 1.5 million-barrel drop.

Concerns over the U.S. economy and sliding fuel demand dragged crude prices.

Light, sweet crude for November delivery fell 88 cents to settle at 105.73 U.S. dollars per barrel, and London Brent crude fell 50 cents to 102.58 dollars a barrel.

Source:Xinhua



  Your Message:   Most Commented:
Why some Western media scared of reportage on true China
US-India nuclear agreement going through bottleneck
Scientists start experiment to recreate Big Bang
EU wants to be more equal to Washington
Why EU leaders call special, emergency summit?

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|
Copyright by People's Daily Online, All Rights Reserved

http://english.people.com.cn/90001/90778/90858/90864/6505668.pdf