Sat, Jul 11th, 2009
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NEW YORK — Oil prices sank below $60 a barrel Friday, ending a week in which crude has fallen more than 10 percent on growing pessimism about the economy and also the well-being of companies about to report second-quarter earnings.
Benchmark crude for August delivery fell 52 cents to settle at $59.89 a barrel on the New York Mercantile Exchange but at one pointed traded as low as $58.72.
The International Energy Agency said Friday that it expects energy demand to drop 2.9 percent this year.
Related stories from top sites:
Oil rises above $60 on signs Asia growth reviving
Jul 6th, 2009 - kansascity.com
Oil prices climbed back above $60 a barrel Tuesday in Asia on signs the region be may emerging from an economic slump. Benchmark crude for August delivery was up 70 cents to $60.
Oil prices settle below $60 a barrel
Jul 6th, 2009 - Boston.com
NEW YORK - Oil prices stayed below $60 a barrel yesterday with concerns the global economy isn't improving quickly and demand will remain soft. Benchmark crude for August delivery fell 20 cents to settle at $59.
Oil Prices Retreat Below $60
Jul 6th, 2009 - Wall Street Journal
NEW YORK -- Crude oil Thursday sank below $60 a barrel for the first time since May, as traders assumed fuel supplies will be more than enough to handle any demand added in an economic recovery. Light...
Oil prices tumble near $60 as gas supplies surge
Jul 6th, 2009 - Forbes.com
NEW YORK -- Oil prices neared $60 per barrel Wednesday as the U.S. government reported that stockpiles of unused gasoline soared again. Energy markets are undergoing an extended sell-off...
Oil hovers above $64 after plunging over past week
Jul 6th, 2009 - Forbes.com
SINGAPORE -- Oil prices hovered above $64 a barrel Tuesday in Asia after falling 12 percent in a week on investor doubts about a global economic recovery. Benchmark crude for August delivery rose 26 cents to $64.
Related videos from YouTube:
- Halff Says Economy Cannot...Oct. 26 (Bloomberg) -- Antoine Halff, head of energy research at Newedge USA LLC, talks with Bloomberg's Julie Hyman about the outlook for China's energy consumption and oil prices. (Source: Bloomberg)
- The Dollar Crisis VS Oil...Lindsey Williams, author of the 'Energy Non Crisis' explains how the US Dollar Crisis is upon us via the World Bankers choice of using Oil as the US Dollar's backing.
- US economic policy inflating...Please keep all comments and debates civil, no vulgarities, ECT... The economic stimulus payments might help the short-term economy, but will likely be a detriment to the long-term economy ...
- Merryn Somerset Webb, MoneyWeek:...MoneyWeek magazine's Merryn Somerset Webb discusses what rising oil prices mean for consumers and the economy. (BBC Breakfast, 30/10/07) www.moneyweek.com
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