Oil falls below $46 in Asian trade
Published on: December 04, 2008 at 10:00
Related Stories
SINGAPORE : World oil prices dipped below $ 46 a barrel in early Asian trade Thursday as lack of demand continued amid more dismal economic news from around the world.
New York’s main futures contract, light sweet crude for January delivery, fell 82 cents to $45.97 a barrel t 11.00 a.m in Singapore.
On Wednesday, the contract closed down 17 cents at $ 46.79 dollars on the New York Mercantile Exchange.
Brent North Sea crude for January delivery dropped 99 cents to $44.45, near its morning low of 44.35, after closing unchanged at $45.44 Wednesday in London.
Oil prices have plunged by about 70 percent since striking record highs above 147 dollars in July, pulled down by a widening global economic slowdown that weighs on demand.
,
Total Comments : 0
It has been recognized that the heat management is equally important as setting up a heat cooling system. It means that when the outdoor temperature is high and people need the air-conditioner to produce a larger capacity of cold air to the rooms, but the cooling capacity of conventional air-conditioner are not always strong enough, this will influence the comfort. 
Recent Questions
- Gold to explode too much higher levels
- Kapas futures positive on short covering
- Maize range bound, no fresh fundamentals to trigger
- Wheat futures range bound to weak
- Guar seed falls sharply on rolling over positions
- Mustard seed futures trade in thin range
- Refined soy oil futures dip sharply on speculation
- Analysing China-the greatest bubble on earth
- Nepalese journalists take a lesson of Amul model
- World needs new currency, not dollar: Jim Rogers
- US firm admits guilt in UN oil for food program
- India drafts law to ensure cheap food grains to poor
- Will micro-algae become a global power source?
- Why gold and silver are biggest asset bubbles
- ‘Silver to be best leveraged commodity soon’
- Marc Faber asks people to buy gold every month
- Why George Soros feels that Euro will collapse
- Breakthrough in solar-grade silicon from rice hulls
- 'Gold trading should be done with passion'
- Why gold and silver are biggest asset bubbles
- IMF’s good economic forecast may hit gold prices
- ‘China likely to pull global economy back on track’
- No takers for gold hedging in this boom time!