Oil under $44 as global economy falters
Posted: Thu Feb 09, 2012 9:09 amOil under $44 as global economy falters
« Thread Started on Dec 4, 2008, 9:21pm »
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Oil under $44 as global economy falters
Posted: 03:04 PM ET
By Kenneth Musante
CNNMoney.com
NEW YORK (CNNMoney.com) — Oil prices fell to a nearly four-year low Thursday, dipping below the $44-a-barrel mark, as concern about the economies of Europe and the United States continued to weigh on energy demand.
U.S. crude for January 2009 delivery fell $3.12 to settle at $43.67 a barrel on the New York Mercantile Exchange. It was the lowest closing price since January 5, 2005, when oil settled at $43.39 a barrel.
Prices have fallen more than $100 a barrel from $147.27 in mid-July as the worldwide economy has driven down demand for petroleum-based fuel.
« Thread Started on Dec 4, 2008, 9:21pm »
--------------------------------------------------------------------------------
Oil under $44 as global economy falters
Posted: 03:04 PM ET
By Kenneth Musante
CNNMoney.com
NEW YORK (CNNMoney.com) — Oil prices fell to a nearly four-year low Thursday, dipping below the $44-a-barrel mark, as concern about the economies of Europe and the United States continued to weigh on energy demand.
U.S. crude for January 2009 delivery fell $3.12 to settle at $43.67 a barrel on the New York Mercantile Exchange. It was the lowest closing price since January 5, 2005, when oil settled at $43.39 a barrel.
Prices have fallen more than $100 a barrel from $147.27 in mid-July as the worldwide economy has driven down demand for petroleum-based fuel.