Mild weather forecast in USA : Oil prices fall

In the last trading day of 2004 for US oil, prices fell over forecasts of mild US weather, to US$42.90 a barrel - around US$10 higher than the beginning of the year, but nearly US$13 below the all-time high of US$55.67 on October 25. Oil prices have fallen over the last two months as high fuel costs are beginning to weigh on economic growth. A mild US winter and year-on-year surplus in US crude stocks have prompted speculative funds to take money out of energy and pursue equity or money markets.
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