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BR.TradeHolding.com - Article: Oil Deepens Fall Under $50, Awaits Vote

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Tuesday, November 2, 2004 Reuters Oil Deepens Fall Under $50, Awaits Vote U.S. oil prices fell further below $50 a barrel on Tuesday, adding to a week-long slide that has cut more than $5 off record-high prices, as some traders cashed in profits ahead of the U.S. presidential election. Rising U.S. crude oil inventories and production, signs of slowing economic growth and speculation that a victory by Democrat challenger Senator John Kerry could prove bearish for oil all led to a wave of profit-taking that has knocked prices around 10 percent below last week's record high $55.67. U.S. crude oil was 38 cents lower at $49.75 a barrel, after dropping $1.63 on Monday, when prices dipped below $50 for the first time in a month. Read More << Back to Previous Page Members Login  E-Mail Address:    Password:     Store my password  Forgot password?  Can't login?  Not a member?  Register for FREE! Browse by Continent What's New? Companies Products Trade Leads Buying Requests Selling Offers Opportunities Quick Links   Home   Browse by Country   Browse Trade Leads   Browse Companies   Browse Products   Top Products   Top Searches   Top Sites   Browse Biz Keywords   Partner / Trade Links Advertisement South American Resources South American Companies South American Trade Leads South American Products More Resources

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