Kristy
10-24-2008, 02:43 PM
Oil prices fell below $67 a barrel to 16-month lows Wednesday after the US government reported big increases in fuel supplies in the country. The Energy Information Administration said crude inventories jumped by 3.2 million barrels last week, above the 2.9 million barrel increase expected by analysts surveyed by energy research firm Platts. In midafternoon trading, light, sweet crude for December delivery fell $5.52 to $66.66 on the New York Mercantile Exchange. The last time a front-month contract traded below $67 a barrel was June 2007, reported AP.
More... (http://www.ameinfo.com/172611.html)
More... (http://www.ameinfo.com/172611.html)