Oil prices have continued to retreat with US light, sweet crude closing in New York at $33.98 a barrel. More Recession Gathers Strength in Europe European economies continue to shrink with Germany - the Euro Zone € largest economy - suffering a 2.1 percent contraction in the fourth quarter of last year while France contracted by 1.2 percent for the same period. More Oil Prices Fall With Expected Decrease in Demand The Organization of the Petroleum Exporting Countries (OPEC) has predicted that demand for oil will fall by 0.67 percent in 2009. If passed, the bill could be ready for Obama € signature parke next week. In kory trading today, the price continues to fall from € close. Vote Expected Today on Obama € $790 Billion Stimulus Bill Voting is expected today on President Barack Obama € $790 billion economic stimulus bill. More Japan € Economy Contracted by 10% in 4th Quarter A report by the Cabinet Office will likely show that Japan € struggling economy contracted at an annual andros of more than 10 percent in the fourth quarter of 2008.

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