CRUDE OIL/LPG PRICES
Crude Prices Tumble On Growing Evidence Of Reduced Demand
Growing expectations of a global economic slowdown dragged down buoyant crude prices last week. After closing the previous weeks trading on a position of strength, the publication of the IEAs monthly report on 12 February (see page A4) brought a prediction of reduced demand which set the WTI and Brent prices on a downward path. The slide continued as weekly US stocks data showed...