Monday 12/22/08> Oil falls nearly 6 percent! reuters.com

giovonni · 12-22-2008, 09:58 PM

Greeting's Avalonian's,

Oil dropped nearly 6 percent to below $40 a barrel on Monday on signs the global economic malaise was slowing fuel demand further. Apparent oil consumption in China fell by 3.2 percent in November from a year ago, according to Reuters calculations, while crude imports into the world's No. 2 energy consumer dropped to the lowest level this year.

Read more;
http://www.reuters.com/article/hotSt...49B3Y620081222

12-22-2008, 09:58 PM	#1
giovonni Avalon Senior Member Join Date: Sep 2008 Location: within my heart Posts: 1,209	Monday 12/22/08> Oil falls nearly 6 percent! reuters.com Greeting's Avalonian's, Oil dropped nearly 6 percent to below $40 a barrel on Monday on signs the global economic malaise was slowing fuel demand further. Apparent oil consumption in China fell by 3.2 percent in November from a year ago, according to Reuters calculations, while crude imports into the world's No. 2 energy consumer dropped to the lowest level this year. Read more; http://www.reuters.com/article/hotSt...49B3Y620081222