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Oil slips below USD 40 per barrel

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    • Reuters Tags : markets world, crude oil, price Posted: Tuesday , Dec 23, 2008 at 1020 hrs
    Oil
    Oil prices extended their sharp fall to drop further below USD 40 a barrel on Tuesday.
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    On Wednesday, weekly US oil inventory data is expected to show crude stocks rose by 300,000 barrels in the week to Dec. 19, with distillate and gasoline stocks also expected to have gained, according to an early Reuters poll of analysts.

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    Oil downBy: KS | 23-Dec-2008 Reply | Forward Are we soon to see $ 25 a barrel? The days are not far away if we consider the economic slow down jolting the whole world and no country is spared from the steep slow down.
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