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Hottest Oil Options Show 18% Drop as Demand Falls
Crude oil fell amid speculation that this year's 37 percent rally is unsustainable because of sluggish demand brought on by the recession. A survey of business confidence in Germany advanced less than economists expected as the worst business slowdown in a half century lingers in Europe, the U.S. and Asia. Oil prices were also constrained by speculation that OPEC won't reduce oil- output targets when it meets May 28.Posted by: Fred 2009-05-27 |
| http://www.rantburg.com/poparticle.php?ID=270574 |