Biofuels may push New York crude oil prices below US$ 40 per barrel
January 9, 2007 Biofuels may push New York crude oil prices below US$ 40 per barrel Crude oil prices in New York could tumble to US$ 40 per barrel as demand for biofuel made from crops spurs investors to switch from energy to agricultural commodities, said Tetsu Emori, chief commodities strategist at Japan's Mitsui Bus ...