Oil Prices on Wednesday Fell Below $40 USD for the first time since July 2004 , despite an announcement from OPEC of a record production cut of 2.2 million barrels a day. Light Sweet Crude for January Delivery declined 8 % or $3.54, to settle at $40.06 on the New York Mercantile Exchange. Benchmark crude prices fell [...]
2008/12/17
Oil Prices Fall to $39.88 a Barrel
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Tags: $40 a Barrel, Demand Destruction, Oil Prices
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