Thursday, March 17, 2011

Oil falls below US$100

Oil prices have fallen below US$$100 for the first time in two weeks as investors turn to safer assets on concerns that Japan’s widening disaster could lead to a global economic slowdown. However, somme forecasters expect Japan’s oil consumption to rebound to meet its reconstruction needs, particularly of products such as diesel fuel used in small power generators.

For more details on Oil falls below US$100 click here

Related Posts by Categories

Read daily plastics industry news at