Prices settle at US$62-63 per barrel

THIS week saw the biggest one-day fall in four months on news of climbing inflation and slowing fuel demand in the United States – the world’s largest energy consumer.

Prices settle at US$62-63 per barrel Prices settle at US$62-63 per barrel Prices settle at US$62-63 per barrel Prices settle at US$62-63 per barrel Prices settle at US$62-63 per barrel

Oil prices - which last Friday hit US$67.10 per barrel on the New York Mercantile Exchange - plunged nearly US$3 on Wednesday, the biggest one-day fall since April.

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