Oil Falls to $91 As Data Suggest Demand Shift

   

By NEIL KING JR. in Riyadh, Saudi Arabia, and ANN DAVIS in Houston
November 14, 2007; Page A1

Early signs of an easing in global demand growth and swings by Wall Street traders are pushing oil away from the historic $100-a-barrel mark, at least for now.

After rising as high as $98.62 a barrel a week ago, the benchmark oil-futures price on the New York Mercantile Exchange hit a low of $90.13 yesterday before closing at $91.17, a one-day drop of $3.45.

Please click here to view the entire article

 

Click here to go back to the main "Oil in the News Page"