Royal Dutch Shell Plc  .com Rotating Header Image

London oil prices have slipped below $50 a barrel for the first time since May 2005

Sky News Logo

BREAKING NEWS

2:11pm UK, Thursday November 20, 2008

The fall in the cost of Brent crude will boost motorists’ hopes of even lower petrol prices.

Traders have been predicting for some time the economic downturn will hit demand.

Light, sweet crude on the New York Mercantile Exchange – the benchmark price – fell to $52.70 a barrel in Asian trading.

Analysts said they expected it to follow London and hit the $50 mark “sooner rather than later”.

SOURCE ARTICLE

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Comment Rules

  • Please show respect to the opinions of others no matter how seemingly far-fetched.
  • Abusive, foul language, and/or divisive comments may be deleted without notice.
  • Each blog member is allowed limited comments, as displayed above the comment box.
  • Comments must be limited to the number of words displayed above the comment box.
  • Please limit one comment after any comment posted per post.