International oil prices hit 19-month low

For fear of weakening global economy will seriously affect the world's energy consumption demand, international oil prices fell sharply again on the 6th, the New York market, oil prices fell to 19 months to a new low. On the same day, the International Monetary Fund said the release of the report will be developed into the most serious since World War II recession. The report estimated that global economic growth in 2009 will reach about 2.2 percent, much lower than the value of the organization released in October forecast of 3%. The report will be next year's international oil prices from an average 100 U.S. dollars a barrel before lowering to 68 U.S. dollars. In addition, including Britain, the European countries caused a substantial cut of the U.S. dollar against major currencies exchange rate, but also often used to hedge the risk of depreciation of the U.S. crude oil futures prices fell. To the New York Mercantile Exchange, December delivery of light sweet crude oil futures fell 4.53 U.S. dollars to close at 60.77 U.S. dollars a barrel. London's International Petroleum Exchange, December Brent crude futures fell 4.44 U.S. dollars to close at 57.43 U.S. dollars a barrel. In addition, the New Zealand business by December delivery price of a gallon of gasoline futures fell 8.84 cents to close at 1.3360 U.S. dollars. Heating oil futures dropped 11.23 cents a gallon to close at 1.9424 U.S. dollars. Futures prices of natural gas per 1000 cubic feet fell 51.2 cents to close at 6.979 U.S. dollars.