Commodities
OPEC Predicts Global Oil Demand To Slow In 2012
Due to various factors such as; the continuing economic crisis in Europe; the delicate situation in Iran and the uncertainty over its oil supplies; the economic worries currently being experienced by, and still facing, the US; and the general high prices of retail petroleum, the Paris-based agency, the Organisation of the Petroleum Exporting Countries (OPEC), have predicted that world oil demand will slow in 2012. In a monthly report the forecast for overall growth in demand has been cut by 120,000 barrels per day (bpd). The report stated, "Worries… Read more...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
|
|---|---|---|---|---|
| 12,251.77 | 1,310.33 | 2,787.18 | 14.92 |
Oil *
99.86
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|
DOWN
141.68 |
DOWN
2.99 |
DOWN
40.16 |
DOWN
0.89 |
10 Yr
1.49%
SPDR Gold
151.62
|
|
-1.14%
|
-0.23%
|
-1.42%
|
-5.63%
|
Data delayed 20 minutes |
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