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Reply #3: Oil falls to near $76 amid sluggish US demand [View All]

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ozymandius Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-04-10 05:54 AM
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3. Oil falls to near $76 amid sluggish US demand
SINGAPORE – Oil prices fell to near $76 a barrel Thursday in Asia amid investor concern that sluggish economic growth in developed countries will keep crude demand muted. ...

On Wednesday, the Energy Department's Energy Information Administration said U.S. crude inventories rose 2.3 million barrels. Analysts had expected a drop of 1.0 million barrels, according to a survey by Platts, the energy information arm of McGraw-Hill Cos.

In other Nymex trading in March contracts, heating oil was down 0.8 cent at $2.01 a gallon, and gasoline fell 1 cent to $2.026 a gallon. Natural gas rose 4.1 cents to $5.46 per 1,000 cubic feet.

http://news.yahoo.com/s/ap/oil_prices
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