NYTIMES:Oil prices continued their two-week slide on Wednesday after a government report showed demand for crude products dropped even further from the weak levels of a year ago when the recession's grip on the economy was strongest.Benchmark crude for March delivery fell $1.04 to settle at $73.67 a barrel on the New York Mercantile Exchange. That's the lowest settlement price since Dec. 14, when crude dipped to $73.46.
Wholesale prices for natural gas, heating oil and gasoline also tumbled.
WE PREDICTED IT.NO ONE ELSE DID, ANYWHERE.
THE ASTUTE BLOGGERS: OIL PRICE CONTINUES SLIDING DOWN
Labels:
oil»
petroleum
