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Finotec |
Futures Technical Reports | Dec 31, 2008 12:00AM GMT |
Confidence among U.S. consumers sank to the lowest level in at least 41 years
Crude oil fell heading for a record annual drop, on speculation that U.S. fuel stockpiles are increasing as the recession cuts demand. U.S. gasoline supplies probably rose last week to the highest since August, according to a Bloomberg News survey conducted before an Energy Department report due today. Confidence among U.S. consumers sank to the lowest level in at least 41 years as Americans grew concerned about keeping their jobs, the New York-based Conference Board said. Crude Oil is trading at $38 as of 9:25am, GMT.
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