Oil Prices Fall Some More

By: Associated Press
By: Associated Press

HOUSTON (AP) -- How low can oil prices go?

They tumbled again today, amid a new batch of bleak economic reports. Also a factor: Growing stockpiles of unused gasoline. It suggests demand for energy has continued to slide.

In a shortened day of trading, light, sweet crude for February delivery fell more than $3.50 to settle at a little more than $35.

It's the ninth day in a row that crude prices have fallen.

Amid the worst recession in a generation, Americans are cutting back on driving. And that's leading to the growing stockpiles of gasoline.

One energy consultant says the downward pressure in prices should continue -- probably into next year.


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