Advertisement

Crude oil prices fall

Below $81 a barrel today

Updated: Monday, 15 Mar 2010, 7:05 AM EDT
Published : Monday, 15 Mar 2010, 7:05 AM EDT

SINGAPORE (AP) - Investor concerns that flagging U.S. crude demand don't justify the recent rally sent crude oil prices below $81 a barrel today in Asia.

Oil prices jumped from $69 early last month on expectations an improving U.S. economy would bring crude demand up with it. But oil consumption has lagged, and prices have stalled in the low $80s for the last week.

Investors will be eyeing this week's Federal Reserve meeting for signs of when policymakers may start raising record-low interest rates.

  • Comments

Opinions that are derogatory, attack other users or are offensive in nature may be removed. WAVY is not responsible for the content posted in this comment section. We reserve the right to remove any offensive or off-topic remark or thread. To mark a comment for review by a moderator, click "Report Abuse."

 

Advertisement

Advertisement