Oil News

Motor fuel consumption over the past four weeks was down 1.4 percent from the same period last year, the Energy Department said

Crude Oil drops again as equities fall and crude stockpiles gain

Motor fuel consumption over the past four weeks was down 1.4 percent from the same period last year, the Energy Department said

Crude oil fell for a second day as Asian stocks declined, raising speculation that the global recession will sap demand for fuel and increase stockpiles. U.S. gasoline demand usually peaks in June through August as motorists take to the roads for the summer holidays. Motor fuel consumption over the past four weeks was down 1.4 percent from the same period last year, the Energy Department said on July 8. Crude Oil is currently trading at $59.60 as of 9:30am, London Time. Crude Oil

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