Crude Oil Falls to 22-Month Low

Friday, October 9, 2009

Crude Oil Falls to 22-Month Low in New York on Demand Concerns. This is the lowest price on a active contract since January 30, 2007.

When will this trend reverse? Maybe a 50 USD testing might be needed before we see a decent oil rally.

Oil Inventories will be released tomorrow

Crude oil stockpiles probably climbed 1 mln barrels last week, according to Bloomberg. Follow crude oil futures with live quotes were on the Oil Traders Blog. Written by traders, to traders.


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