Oil prices continued their two-week slide on Wednesday after a government report showed demand for crude products dropped even further from the weak levels of a year ago when the recession's grip on the economy was strongest.
Benchmark crude for March delivery fell $1.04 to settle at $73.67 a barrel on the New York Mercantile Exchange. That's the lowest settlement price since Dec. 14, when crude dipped to $73.46.
Wholesale prices for natural gas, heating oil and gasoline also tumbled.
WE PREDICTED IT.
NO ONE ELSE DID, ANYWHERE.
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