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Showing posts with label new year. Show all posts
Showing posts with label new year. Show all posts
Thursday, January 1, 2009
New Year's Eve trade,Oil falls below $39
Oil prices fell below $39 a barrel on Wednesday in Asia in light New Year's Eve trading as investors pondered a global economic slowdown that's dragged crude down some 60 per cent this year.
Light, sweet crude for February delivery fell 70 cents to $38.33 a barrel in electronic trading on the New York Mercantile Exchange by midafternoon in Singapore. The contract overnight fell 99 cents to $39.03.
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