US's crude inventories fell less than expected and refinery rates dropped to the lowest in at least 19 years amid slowing consumption.
Indicator shows that oil price looks to go lower. Current oil price is US$104.50.
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Thursday, September 25, 2008
Oil Price Looks to Go Lower
Crude oil declined for the third day on growing concerns over US demand.
US's crude inventories fell less than expected and refinery rates dropped to the lowest in at least 19 years amid slowing consumption.
Indicator shows that oil price looks to go lower. Current oil price is US$104.50.
US's crude inventories fell less than expected and refinery rates dropped to the lowest in at least 19 years amid slowing consumption.
Indicator shows that oil price looks to go lower. Current oil price is US$104.50.
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