After strong gains were seen in the oil market during trading on Tuesday, prices fell considerably in after-hours electronic trading on concern that the Fed's interest rate cut may not prevent an economic slowdown in the US.
Oil dropped as much as 0.8 percent after the US Federal Reserve said the US economy is slowing and its financial markets have deteriorated, Bloomberg reports. "The focus has turned to the economy,'' said Tetsu Emori, a fund manager at Astmax Futures Ltd. in Tokyo. "The question is whether the economy can avoid a recession.'' Crude oil for January delivery droppe
Mittwoch, 12.12.2007, 08:09 Uhr
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