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.


KKTV firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKTV 11 News.

If you believe that any of the comments on our site are inappropriate or offensive, please tell us by clicking “Report Abuse” and answering the questions that follow. We will review any reported comments promptly.

powered by Disqus
KKTV 520 E. Colorado Colorado Springs, CO 80903 Office: (719) 634-2844 Fax: (719) 632-0808 News Fax: (719) 634-3741
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 36703884 - kktv.com/a?a=36703884
Gray Television, Inc.