INA – SOURCES
The U.S. benchmark, West Texas Intermediate, fell to about $80 a barrel from more than $90 at the start of the month.
The global supply of oil appeared to be falling, but many oil traders think that the demand is heading down even faster. That’s because economic growth is slowing or turning negative in many countries, and the use of oil and petroleum products usually plummets in recessions.
The drop in oil prices helped bring down U.S. gasoline prices, which will be welcome news to many people hitting the road for the holidays next week.
Malaysian navy helicopters collide in mid-air, killing 10 crew
Al-Sudani meets Bafel Talabani
China launches moon probe as space race with US heats up
Al-Sudani Meets Saudi Crown Prince in Riyadh
SMC: Agreement for 21 multi-purpose aircraft from the US