Energy

EIA Says U.S. Oil Consumption in 2012 Lowest in 16 Years

Energy Investing

Reuters reported that the United States’ oil consumption dropped unexpectedly in December, which pulled down the total annual demand last year at lowest level since 1996, according to the Energy Information Administration.

Reuters reported that the United States’ oil consumption dropped unexpectedly in December, which pulled down the total annual demand last year at lowest level since 1996, according to the Energy Information Administration.

As quoted in the market news:

The Energy Information Administration said in its monthly petroleum supply report that oil demand in the world’s top consumer dipped to 18.13 million barrels per day in December, down 4.4 percent or 835,000 bpd from a projection last week.

Click here to read the full Reuters report.

MARKETS

Markets
TSX20579.68-49.24
TSXV618.38+4.78
DOW33762.66-128.36
S&P 5004103.39-7.69
NASD11896.25+8.80
ASX7539.00-19.10

COMMODITIES

Commodities
Gold1874.26+6.08
Silver22.26-0.01
Copper4.03-0.01
Palladium1713.170.00
Platinum1087.260.00
Oil75.55+1.44
Heating Oil2.85+0.08
Natural Gas2.53+0.07

DOWNLOAD FREE REPORTS

×