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Commodities Briefing - Categorized | Oil, Price Watch more

From how high, to how low?

Posted on 27 October 2008

From Chron: Weren’t we just in an oil boom? Three months ago, crude had rocketed to a record $147 a barrel because investors were confident the world’s thirst for oil would only continue to grow.

Now, with the credit markets stuck in deep-freeze and economies around the globe tumbling into recession, world oil demand has flat-lined. The price of crude has dropped by more than half since the summer….. Full Article: Source


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VRS - who has written 47828 posts on Opalesque Commodities Briefing.


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