Financial Times FT.com

Forecasts for demand hinder crude’s progress

By Chris Flood

Published: December 9 2008 12:44 | Last updated: December 9 2008 18:52

Oil prices fell on Tuesday as commodity markets struggled to maintain upward momentum after a strong rebound for energy, metals and grains on Monday.

Nymex January West Texas Intermediate fell $1 to $42.71 a barrel while ICE January Brent retreated 62 cents to $42.80 a barrel.

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