www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

   

Crude-oil futures close below 90 dollars

(Xinhua)
Updated: 2008-01-23 07:38

NEW YORK - Oil settled at a one-month low on Tuesday amid intensifying worry a weak U.S. economy could trigger a global slowdown in energy demand.


Traders in the oil options pit of the New York Mercantile Exchange work as oil traded below $90 a barrel, in New York, January 22, 2008. [Agencies] 

Limiting the market's losses, the Federal Reserve slashed interest rates by 75 basis points in a surprise move aimed at averting recession.

"The Fed's aggressive actions ahead of its regularly scheduled meeting was mildly supportive to crude oil market," said Eric Wittenauer, analyst at A.G. Edwards in St. Louis. "But (the Fed) did take emergency action, so that's worrisome and crude oil didn't recover fully."

U.S. crude ettled down 72 cents to $89.85 a barrel -- the first settlement below $90 since December 10. London Brent crude gained 94 cents to $88.45 a barrel.

Special coverage:
Subprime Crisis Aftermath
Related readings:
 Asian markets tumble on US worries
 Oil falls below $89 on economy concerns
 Euro-zone economy better than US counterpart

Oil prices had earlier dropped as low as $86.11 a barrel as world stock markets briefly posted their deepest losses since September 11, 2001 amid growing signals that the fallout from the U.S. credit and housing crisis could lead to a recession.

"There's a lot of fear out there. That could make some market participants go into cash until the situation becomes clearer," said Mike Wittner of Societe Generale.

The sell-off has taken oil prices about 10 percent below the all-time peak above $100 a barrel hit January 3, when the market was focusing on tight inventory levels and a robust energy demand outlook.

The U.S. Energy Information Administration may have to rethink its forecasts for U.S. and global oil demand growth if a looming U.S. recession bites into energy usage, an agency analyst said on Tuesday.

"Clearly our forecasts do not assume a recession at the moment, so any recession that did occur would reduce the estimate of our demand increase both here in the U.S. and to an extent, globally," EIA analyst Doug MacIntyre said. "How much, we really haven't done the quantifiable analysis yet."

SPECULATORS SELL?

Goldman Sachs said if all speculative length were liquidated on the oil markets, prices could drop to the low $80s, but fundamentals of supply and demand would probably prevent funds from selling out completely.

China, a major force behind global commodities demand, boosted its imports of crude oil in 2007 by 12.3 percent according to official customs data.

Meanwhile, inventory data in top consumer the United States last week showed the first increase in oil stocks for nine weeks, after they had dropped to the lowest since 2004.

Oil's recent slide has relieved pressure on the Organization of the Petroleum Exporting Countries (OPEC) to agree on a production increase when it meets on February 1.

"Prices are falling and it is a positive thing," UAE Oil Minister Mohammed al-Hamli told Reuters at the Swiss Alpine resort of Davos, which is hosting the annual meeting of the World Economic Forum.

Several OPEC ministers have said there is no need for OPEC to boost output, but Hamli would not be drawn on what he thinks OPEC should do at their next meeting.

"This I think is a very critical period for us. Prices are very volatile," he said.

(Additional reporting by Matthew Robinson in New York, Luke Pachymuthu in Singapore, Randy Fabi, Barbara Lewis and Peg Mackey in London, editing by Marguerita Choy)



Top World News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
主站蜘蛛池模板: 午夜美女影院 | 欧美精品一区二区三区视频 | 亚洲精品国产男人的天堂 | 欧美自拍视频在线 | 亚洲日韩中文字幕天堂不卡 | 美国一级欧美三级 | 伊人色综合久久成人 | 久草免费在线 | 狠狠色综合网站久久久久久久 | 国产国产人免费人成成免视频 | heyzo国产亚洲高清 | 亚洲国产欧美日韩第一香蕉 | 久久99中文字幕 | 中文字幕亚洲区 | 欧美成人午夜在线全部免费 | 国产国产人免费人成成免视频 | 日韩毛片一级 | 国产精品色午夜视频免费看 | 欧美一级α片毛片免费观看 | 国产成人女人视频在线观看 | 一级做a爰片久久毛片欧美 一级做a爰片久久毛片人呢 | 国产91页 | 日本免费在线视频 | 美女黄页网站 | 在线毛片免费 | 国产三级精品91三级在专区 | 国产精品久久久久国产精品三级 | 精品久久久久久久久免费影院 | 伊人色综合久久天天网蜜月 | 在线欧美 | 97国产成人精品免费视频 | 免费高清国产 | 久草资源在线观看 | 女人张开双腿让男人桶完整 | 亚洲一区二区影视 | 久久99国产乱子伦精品免 | 国产乱码精品一区二区三区中 | 香港一级特黄高清免费 | 欧美午夜激情影院 | 久久亚洲国产 | 免费一级美国片在线观看 |