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Commodities Briefing - Categorized | Oil, Price Watch, Trends more

Lower oil prices can benefit the oil industry

Posted on 24 September 2012

The recent drop in oil prices may not be a bad thing for the oil industry. It might mean stocks go down in value for a bit, but it could also do wonders for the economy and this in turn could increase usage benefiting many of the oil and energy related businesses. Let’s take a look at the drop and see how a few companies are reacting to this sudden change.
Part of the drop was a reactionary move because the Feds hinted they could release oil from its reserves and flood the market to bring prices down………………………………………..Full Article: Source

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This post was written by:

VRS - who has written 37015 posts on Opalesque Commodities Briefing.


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