From Yahoo Finance.
Oil prices fall as America's petroleum consumption slumps
* By Chris Kahn, AP Energy Writer
* On 4:48 pm EST, Wednesday December 9, 2009
Benchmark crude for January delivery gave up $1.95 to settle at $70.67 a barrel on the New York Mercantile Exchange. Prices dropped as low as $70.13 a barrel earlier in the day.
The Energy Information Administration said the nation's consumption of petroleum products fell to its lowest level since the week of July 10. Demand for gasoline in the U.S. has been hit so hard by the economic downturn, imports are falling away and helping to drive up the amount of unused fuel in storage."
Oil prices fall on poor demand - Yahoo! Finance
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