Summary
OIL slipped back below $50 a barrel today on concerns of a further fall in demand as the recession bites.
Crude fell 2.88 cents to $49.36 in New York and $2.44 cents to $51.62 in London after the International Energy Agency slashed its demand forecast for the year.See the full content of this document
Extract
Recession Woes Slash Forecast for Oil Demand
Demand would fall by 2.4 million ...
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