| 11.09.2008 Other Voices: Oil below $100 - Big implications for the USA include drop in inflation and trade improvement |
| This article was sent to Opalesque as part of Société Générale’s publication “The Economic News”. The author is Glenn B. Maquire, SocGen’s Asia Chief Economist.
Oil prices are now sitting on the psychologically important $100/bbl threshold. WTI is hovering just above it, but Brent Crude yesterday closed below $100 for the first time since April. Prices have dropped by a third in just two mo |