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Commodities Briefing - Categorized | Oil, Price Watch more

Why the price of crude oil is dropping

Posted on 20 November 2012

Oil continues to fall. Analysts and industry experts have their opinions about why. History, however, tells us that sometimes nobody really knows. Everyone is making his or her best educated guess but, in the end, it is all theory and difficult to quantify.
On Sept. 14, crude oil closed at a high of $98.94, leading market analysts to believe that it was poised to reach the $100 mark. At the time, economists, as well as Washington politicians in the midst of an election year, worried that higher prices would put a damper on economic growth as prices at the pump would continue to rise………………………………………..Full Article: Source


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


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