воскресенье, 4 марта 2012 г.

Oil Prices Fall Amid Economic Worries

Oil prices slid more than $2 a barrel Thursday amid economic worries and a report that U.S. crude stockpiles rose last week.

Wall Street _ despite initially advancing after the U.S. Federal Reserve cut interest rates half a percentage point _ closed lower Wednesday as investors collected profits after two sessions of gains. It was down further on Thursday.

"These days, there's a pretty strong tie-in between movements of the oil market and the equities markets," said Victor Shum, an energy analyst with Purvin & Gertz in Singapore.

"The equities market drops because of expectations of slower economic activity in the U.S. and also …

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