Crude oil futures

Crude oil futures fell once more on forecasts U.S. inventories rose for a second week amid mounting concerns of an economic slowdown in the world's biggest energy user.
An Energy Department report today may show U.S. crude- oil and fuel stockpiles gained in the week ended Jan. 18...The U.S. Federal Reserve made an emergency interest rate cut yesterday, citing ``downside risks'' to growth.
As the recession bites there will be more cuts in demand, there will probably be more economic bad news from the U.S. to offset any shot-in-the-arm from yesterday's rate cut.''
Crude oil for March delivery fell to $87.53 a barrel in electronic trading on the New York Mercantile Exchange, having slumped to $85.42 before the U.S. Federal Reserve cut interest rates.
Oil has fallen 12 percent since reaching a record $100.09 a barrel on Jan. 3 on concerns that faltering global economies, SPECULATION by oil producers, governments and oil companies will weaken demand growth.
Brent crude for March settlement fell to $86.96 a barrel on London's ICE Futures Europe exchange.
WorldWatch has seen that the move by the Federal Reserve was not able to really calm down fears of a recession, if the cut succeeds in stimulating the economy enough, the move may eventually support oil demand.
Oil demand is expected to fall in the second quarter as refineries shut for annual maintenance after the Northern Hemisphere's winter..
Less than two weeks before the 13-member Organization of Petroleum Exporting Countries meets to study output policy on Feb. 1, however ther are rumors that oil markets are well supplied and there is no shortage...