Oil prices were steady during the Asian trading Wednesday, while 31/12 is to record its worst year ever lost by 60% after sharp drop from the record high level recorded last July, amid a retreat in the economic outlook.

 The gloomy economic outlook overshadowed by the failure of tensions in the Middle East and news of further reduction in the production of Saudi Arabia to raise prices without settled $ 39 a barrel.
The U.S. economic data exacerbated worrying published yesterday pessimism continued low demand for oil in 2009, analysts played down its expectations of prices.

According to a Reuters survey forecast a decline analysts average price for U.S. crude next year to reach 58.48 dollars, less than $ 14 from previous expectations.
Trade, the price of U.S. light crude futures contract in February next 15 cents to 38.87 dollars per barrel, compared with the level in New York closed yesterday.
The decline in the price of Brent similar, retreated 15 cents, recording forty dollars per barrel.
The drop comes after record high oil prices on July 11, when U.S. light crude to $ 147.27 a barrel.
With a new year, some investors remained focused on the indicators of low demand for raw confrontation with the United States, Europe and Japan stagnated, and more than developing countries of the slowdown in economic growth.
Investors are awaiting the emergence of signs on the application of the Organization of Petroleum Exporting Countries (OPEC) production cut of four million barrels per day, which was approved by since last October.
The OPEC exports about 40% of oil supplies to world markets.