Oil Falls To Below $92 Amid Stronger Us Dollar

Business Heds Index, Seattle Post-Intelligencer: Business
Mon, 06/20/2011 - 5:15am

share: digg facebook twitter Talks between eurozone finance chiefs on Greece's troubled finances ended early Monday without the ministers signing off on a vital installment of rescue loans needed to avoid bankruptcy next month. While U.S. crude demand continues to slip — driven miles fell 2.4 percent on the year in April — analysts said the climbing use of fossil fuels for electricity generation in Japan, the world's third largest consumer of oil, would help sustain prices. "Japan's higher oil demand should also prevent a further fall in oil prices," said analysts at Commerzbank in Frankfurt, citing data showing that Japan's crude imports rose an annual 6.9 percent in May.

Topics: talks greece while u.s april commerzbank frankfurt japan oil analysts demand percent crude prices

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Oil Falls To Below $92 Amid Stronger Us Dollar

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