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Fundamental Oil Report (2009-11-20)

20 November 2009 @ 04:11 am EDT


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Analysis	Oil prices declined yesterday for the first time this week as a result of lower equity prices, which therefore hinted that fuel demand and that the U.S. economy will recover but at a weak rate, leading to more investors leaving the oil markets. As funds flew out, since investors decided to lock in on profits, we saw oil prices plummet. The December contract dipped $2.12 closing at $77.46 while recording a high of $79.87 per barrel and a low of $77.06 per barrel. Most Popular Slideshows Blue Ivy Carter: First Photos of Beyonce's and Jay-Z's 'Child of Destiny' [PHOTOS] Top Email Marketing Firms 2012 Macaulay Culkin Photos from 'Home Alone' to Emaciated Old Man Look [SLIDESHOW] Whitney Houston Death: Pictures of the Pop Music Icon over the Years For more forex information, go to www.ecpulse.com Most popular Viewed Commented Emailed No More Compromise on Birth Control, Obama Staff Chief Vows $900 Trillion Suit: Mother Sues New York City for Taking her Children Away Greece in Turmoil as EU Austerity Package Put on Hold First Photos of Beyonce’s Baby Blue Ivy Carter Reignite Surrogacy Rumors [PHOTOS] Connor Cruise Homophobic Tantrum: Was Tom Cruise's Son Targeted in Publicity Stunt? Debbie Cook: Scientology E-mail Lawsuit Finished as Horrific Details Emerge 70 Catholic Doctors Sign Petition Supporting Obama Birth Control Mandate Blue Ivy Carter: First Photos of Beyonce's and Jay-Z's 'Child of Destiny' [PHOTOS] Dad Shoots Laptop Video Goes Viral on YouTube After Daughter’s Facebook Rant [VIDEO] Greece in Turmoil as EU Austerity Package Put on Hold Diet Soda: Research Sparks Debate on Risks of Heart Disease, Stroke Lightsquared Wireless Newtork Called Threat Airline GPS Native Americans: The Tragedy of Alcoholism No Freedom in Islam, Says Egypt's Presidential Candidate Whitney Houston Cause of Death: Prescription Drugs? Drowning? Lillian Muller: Star of Van Halen's 'Hot for Teacher' Reveals Her Identity After 25 Years Follow IBTimes Facebook Twitter RSS Email ADVERTISE WITH US Most Popular on IBTimes Berlusconi MP caught ogling at escort website on iPad during debate New Comets, Asteroids Discovered by NASA (PHOTOS) 18 and Counting: Political and Social Unrest Ensnare the Globe News Corp And Apple Unveil "The Daily" Deadly winter snowstorm in US (PHOTOS) ADVERTISE WITH US IBTIMES PROFESSIONAL The Intelligent Investor Free Edition Get the day's most relevant news, data and anlaysis. eBusiness Solutions TAKE A TOUR The complete online business platform for your business ADVERTISE WITH US E-Newsletters We value your privacy. Your email address will not be shared. Home World US Economy Companies Tech Science Global Markets Education Real Estate Forex Commodities Gold & Silver Matters More Sections Fashion Auto Travel Health Law Entertainment Sports Luxury Art Books Tech & Trend Tools & Features Topics Blogs Market Data Stock Watch List Investment Calculator Financial Glossary Broker Center World Business Headlines Updates RSS Feeds IBTimes on Twitter IBTimes on Facebook E-Newsletters Services Forex Newsfeed Research Press Release About IBTimes News Licensing Media Kit Advertise with Us About IBTimes Contact Us Terms of Service Privacy Policy US Edition Africa Edition Australia Edition Brazil Edition Canada Edition China Edition France Edition Germany Edition Hong Kong Edition HK English Edition India Edition Italy Edition Japan Edition Korea Edition Mexico Edition U.K. Edition U.S. Edition © Copyright 2012 The International Business Times Inc. All Rights Reserved.