Weatherman's Blog – December 2008 Archive (1)

The Rise And Fall Of Oil, Natural Gas During 2008

It's been an interesting year (2008) for oil and natural gas markets. As of December 22, crude prices have fallen sharply in recent days and several traders were squaring positions ahead of the holiday break. Oil prices tumbled below $40 a barrel Monday as business news indicated a worsening global economic climate and serious deterioration in energy demand. Light, sweet crude for February delivery fell $2.45, or nearly 6 percent, to settle at $39.91 a barrel on the New York Mercantile… Continue

Added by weatherman on December 23, 2008 at 3:37 — 2 Comments

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