[tbs 정오뉴스] ▶(Report) Global Oil Prices Plunge To Record Lows Again U.S. markets are reeling from the shock of another sharp decline in oil prices with major indices down more than eight-tenths of a percent at the end of Mondays trading session. The US benchmark West Texas Intermediate for February plunged to 45 dollars and 90 cents a barrel after an influential Wall Street Bank cut its forecast. Goldman Sachs believes the price of oil could tumble to as low as 42 dollars a barrel. Despite free-falling crude prices, both the traditional oil producers, such as OPEC countries and new ones like Americas shale oil fields are still pumping more oil than the global economy can absorb And its this trend that Goldman Sachs believes will keep oil prices low and possibly falling further in the months ahead. As for Korea, a new business poll suggests that cheaper oil and gas has boosted the confidence of local consumer industries. According to a survey of 500 manufacturers by the Korea Chamber of Commerce and Industry, most firms are expected to increase facility investment this year with auto and appliance makers leading the charge. Shipbuilding sectors, however, are bracing for losses as tumbling oil prices have slowed demand for offshore plants amid growing competition. For tbs eFM News, Im Paul Yi.■ tbs.seoul.kr/news/bunya.do?method=daum_html&typ_800=J&seq_800=10065840
Posted on: Tue, 13 Jan 2015 04:39:28 +0000
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