Notes on a web journey

posted on: 05 January 2007

Oil prices falling

filed under: @ 09:20:32


Oil prices saw their sharpest drop in two years, shedding more than $2 a barrel as mild US weather led consumers to use less petrol and heating oil. US light crude oil fell $2.73 to $55.59 a barrel in New York, falling by over $5 in two days. In London meanwhile, Brent crude fell $2.85 to $55.11. The US Energy Department said stocks of distillates rose by two million barrels in the last week of 2006. The fall led oil group Opec to say it might act if prices continue dropping.

Oil in biggest fall in two years

When prices were raising, Opec was going to act to stop them. Now, prices are falling and Opec is going to act..what is it that they want? Not only Opec, all of these so called oil people? A few months ago everybody was saying they were trying to find a way to reduce oil prices and I thought it was just a scam to keep people from burning them down. Now it's obvious, but unfortunately, as usual, nobody notices. It's ridiculous..more posts about oil


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