Oil Investing News » Oil declines on demand concerns

Oil declines on demand concerns

August 25, 2008 @ 11:19 pm In Oil Market News

Oil prices declined on Monday as demand worries due to rising fuel costs outweighed supply concerns caused by a tropical depression in the Caribbean.

James Crandell, analyst for Lehman Brothers, said;

All the factors that have motivated the price down are still intact.

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