Oil falls to five-month lows as demand ebbs

Oil falls to five-month lows as demand ebbs

Riyadh : Saudi Arabia | May 13, 2012 at 5:40 PM PDT
Source: The Age
Views: Pending
West Texas Intermediate futures declined as much as 0.8 per cent to the lowest level this year. Brent, the benchmark for more than half the world's oil, should drop as crude supply outweighs demand by 1.3 million to 1.5 million barrels a day, Ali al-Naimi said in Adelaide yesterday. FULL ARTICLE AT The Age
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