Commodities Focus: Oil Falls On Concern Demand; Deutsche Bank Lowered Forecast For 1Q Average Crude Oil Price; Crude Prices Have Plunged 72%; OPEC Agreed To Curb Supply By 9% To Bolster Prices; Venezuela Reduced Oil Exports

Oil falls on concern demand to drop more rapidly than supply; Deutsche bank lowered forecast for ...  More »

Oil falls on concern demand to drop more rapidly than supply; Deutsche bank lowered forecast for 1Q average crude oil price by $10 to $45; Crude oil have plunged 72% from July's record of $147.27 a barrel; OPEC agreed on December 17 to curb supply by 9% starting January 1 to bolster prices; Venezuela reduced oil exports to U.S., China, Europe on OPEC production cut; Analysis by Jonathan Kornafel, Director of Hudson Capital Energy Asia  « Less