Crude Oil Price Falls As Support Improves
Posted on: Tuesday, 11 October 2005, 09:01 CDT
Crude oil price falls as support improves
NEW YORK, Oct. 10 (Xinhua) -- Crude oil price declined slightly Monday, as support improved and demand dropped.
New York's main contract, light sweet crude for delivery in November, fell four cents to 61.80 dollars per barrel in closing deals. In London, the price of Brent North Sea crude for November delivery plunged 1.05 dollars to close at 58.16 dollars per barrel, having fallen to 57.82 dollars -- the lowest level since July 28.
US government figures showed that US fuel consumption averaged 19.9 million barrels per day during the past four weeks, 2.9 percent less than a year earlier.
On the support sector, imports of gasoline and other fuels jumped 26 percent to 4.5 million barrels last week, the highest since at least 1990, according to the Energy Department.
Source: Xinhua News Agency - CEIS
Related Articles
- Aviation Broadband Won't Fly With Per Flight Pricing
- Vision Works Media Group, Inc. And New Screen TV Announce Video On Demand Contract and Join Billion Dollar Pay-Per-View Industry
- Glaxo to Pay 150 Million Dollars to Settle Drug Price Fraud Claims
- Crude Oil, Products Prices in Tight Range
- Crude Oil, Products Prices Falling
- Crude Oil, Product Prices Falling
- Ideas International Launches New 'Pay-Per-Use' Pricing and Packaging Model for IT Research for Enterprise End-Users
- Crude Oil Futures Prices Climb Further
- Crude Oil Futures Prices Continue to Rise
- Sun Unveils Breakthrough Per Citizen Pricing For Java(TM) Enterprise System Targeted at Developing Nations
 |
 |
User Comments (0)
RSS Feeds