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<a href="http://www.accessmylibrary.com/article-1G1-106875628/gasoline-sinks-demand-report.html" title="Facts and information about Gasoline Sinks On Demand Report; Cocoa Suffers Profit-Taking Rout.(B)(FUTURES)">Gasoline Sinks On Demand Report; Cocoa Suffers Profit-Taking Rout.(B)(FUTURES)</a>
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Gasoline Sinks On Demand Report; Cocoa Suffers Profit-Taking Rout.(B)(FUTURES)
By Reuters
Crude oil prices tumbled on Wednesday despite a sharp fall in stockpiles and aninterest rate cut by the Federal Reserve, while cocoa futures slipped on selling by large commodity funds.
F U T U R E S
In other commodity markets, cattle futures regained some lost ground as concerns eased over mad cow disease, while wheat edged higher in a technical recovery from recent declines.
March crude oil fell 40 cents to $28.66 a barrel. Febru
ary heating oil fell 1.40 cents to 78.63 cents a gallon, and February gasoline fell 2.78 cents to 85.42 cents a gallon.
Traders said crude oil was weighed down by unexpectedly bearish weekly data on gasoline stocks.
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