Thursday, November 13, 2008

Descend Again, Oil 55 US Dollar

The price of crude oil in the Asian market, on Thursday (13/11), descended to the range 55 US dollar per barrel together with the news of the negative that was accepted the related market the weakening of economics that could reduce the request of world energy. Kind crude oil light sweet the sending in December in the trade in electronics New York Mercantile Exchange in Singapore descended 81 penny to the position 55,35 US dollar barrel after could decline to 55,03 US dollar. "There was the fear of the request reduction in 2009," mentioned the energy analyst of Purvin & Gertz, Victor Shum, in Singapore. He said, the market sentiment at this time really bearish. "Apparently did not have the method of stopping this condition," he said.

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