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IWETHEY Home / IWETHEY Board / Money, Financials, and Economics Forum / Compounding factors cause continued oil price fall
Post #267,368
by JayMehaffey
9/12/06 5:15:08 PM
Reply
New Compounding factors cause continued oil price fall
[link|http://www.chron.com/disp/story.mpl/ap/fn/4181413.html|Chron.com]
Oil prices fell by almost 3 percent Tuesday, dipping below $64 a barrel as worldwide demand and supply threats ease. After a seven-day selloff, crude futures are at their lowest level since late March.

Every factor points to lower prices right now. This is causing the speculators to leave the market, compounding the effect. OPEC is poised to take action if the fall continues, but they will probably delay action till after the election unless it drops sharply.

Jay
Post #267,373
by boxley
9/12/06 5:27:36 PM
Reply
New told ya
Any opinions expressed by me are mine alone, posted from my home computer, on my own time as a free american and do not reflect the opinions of any person or company that I have had professional relations with in the past 50 years. meep
Post #267,421
by jbrabeck
9/13/06 8:48:15 AM
Reply
New How long b4 Shrub takes credit?
A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort. (Herm Albright)
Post #267,422
by bepatient
Picture of bepatient
9/13/06 8:51:41 AM
Reply
New y not. he took the blame too.
Too much of today's music is fashionable crap dressed as artistry.Adrian Belew
Post #268,327
by SpiceWare
9/22/06 10:36:16 AM
Reply
New Approval at the pump
[link|http://www.usatoday.com/news/washington/2006-09-20-bush-gas-prices_x.htm?csp=34|For Bush, cheaper gas is premium]
Even though prices at the pump are largely outside the president's control, he gets credit when they fall \ufffd and blame when they rise.
Darrell Spice, Jr.            Trendy yet complex\nPeople seek me out - though they're not sure why\n[link|http://spiceware.org/gallery/ArtisticOverpass|Artistic Overpass]                      [link|http://www.spiceware.org/|SpiceWare]
     Compounding factors cause continued oil price fall - (JayMehaffey) - (4) - Sept. 12, 2006, 05:15:08 PM EDT
         told ya -NT - (boxley) - (3) - Sept. 12, 2006, 05:27:36 PM EDT
             How long b4 Shrub takes credit? -NT - (jbrabeck) - (2) - Sept. 13, 2006, 08:48:15 AM EDT
                 y not. he took the blame too. -NT - (bepatient) - (1) - Sept. 13, 2006, 08:51:41 AM EDT
                     Approval at the pump - (SpiceWare) - Sept. 22, 2006, 10:36:16 AM EDT

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