Crude Falls on Rumors China Has No New Stimulus Plan

News that China may not activate a second stimulus plan is putting pressure on April Crude Oil this morning. Without China’s spending, demand for crude oil is likely to continue to fall.

OPEC may try to curb losses in the crude oil market by cutting production at its next meeting on March 15 but there is almost no way to estimate how much demand will continue to drop.

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Posted by James A. Hyerczyk at Thursday, March 05, 2009 7:04 AM
Categories: Energies
Tags: Heating Oil Crude Oil Natural Gas Unleaded Gasoline
 

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