Energy Literacy Advocates Newsroom
Federal Reserve Meeting Alters Oil Prices
Monday, September 21, 2009
Energy prices fell sharply in the face of the G-20 Economic Summit in Pittsburgh, and a US Federal Reserve meeting. The Federal Reserve will determine whether to remove certain economic props put in place at the end of 2008.
Domestic fuel demand has dropped in America since the beginning of the recession, while China reported an unexpected drop in demand last month.
Other energy data reinforces the drop in energy demand: US oil stockpiles are up, and heating oil reserves are at a 27 year high.
For more, click here.
Labels: economy, oil price, oil supply/demand
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Amanda Voss
at
12:47 PM
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