Economy- Petrol and gasoline- US

The world's prices of oil fell Thursday as the traders reacted to rising US gasolinestockpiles. Weak demands in the world's biggest energy consumers.

The light sweet crude for the March delivery lost 80 cents-79.6 dollars a barrel (in New York's main contract).

In the US Department of Energy aired thursday that gasoline/petrol rallied on 3.9 million barrels in the week which is ending January 25 striking a 2 year high.

The US crude stocks fell by 400,000 barrels last week. This would be their lowest rate 2 decades apart from immediate aftermath of a hurricane.

Information source: http://news.yahoo.com/s/afp/20100121/bs_afp/commoditiesenergyoilprice;_ylt=AgJ2iplO30OviSZ4kq7RqQmyBhIF;_ylu=X3oDMTMwNGlqZWVyBGFzc2V0A2FmcC8yMDEwMDEyMS9jb21tb2RpdGllc2VuZXJneW9pbHByaWNlBHBvcwMxMARzZWMDeW5fYXJ0aWNsZV9zdW1tYXJ5X2xpc3QEc2xrA29pbHByaWNlc2Rybw--