Friday, March 23, 2012

Oil prices fell nearly $105 per barrel

??Oil prices fell nearly $105 per barrel

cheap beats by dre The price of oil fell to the lowest level of reporting, in one week in slow Chinese manufacturing.

The benchmark crude fell $1.92, ending in a $105.35 a barrel. It dip low to $104.50 earlier in the day, the lowest price from $103.78, on March 15,.

Oil prices, the bank in London, said China's industrial activity dropped to a four-month low in March. It may slow down, because China's oil demand of users factory big oil. beats by dre studio

"Strong China's economic growth is the main cause of rising oil prices over the past several years," said gene McGillian, brokers and oil analysts traditional energy. "Because we see the economic slowdown, to my mind, the energy demand will hit."

Brent crude oil, which is used to price imports by the United States oil refineries, dropped $1.06, ending in a $123.14 a barrel. beats by dre headphone

Source: http://www.youngpeoplefor.org/blog/posts/108394

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