11-19-2015, 05:21 AM
(08-24-2015, 08:10 PM)dmcowen674 Wrote: 8-24-2015
Oil at $38 yet some stations even went back up here to $2.75 because of course we are approaching Labor Day Holiday.
http://247wallst.com/energy-economy/2015...-in-sight/
After a price recovery that took crude oil prices to over $60 in June from $46 at the start of the year, the price has collapsed again. However, this sell-off has dropped crude to under $39, a multiyear low.
Well here we are again with oil below $40 but this time gas is $1.59 so you know when they are charging over $3 for gas when it's $40 we are getting totally ripped off.
11-18-2015
http://finance.yahoo.com/news/crude-oil-...38068.html
Crude oil just crashed below $40 per barrel again.
West Texas Intermediate crude futures in New York fell to as low as $39.92 per barrel just before noon on Wednesday.
After reaching about $48 per barrel last week, oil stumbled after the International Energy Agency warned, and reminded markets, that the supply glut was worsening across the world.
Earlier on Wednesday, the Energy Information Administration released its weekly data on inventories. US crude stockpiles rose by 300,000 barrels last week, according to the EIA, below an expected build by 1.9 million barrels.
The data also showed a swell in inventories at Cushing, Oklahoma, a key delivery point, by 1.5 million barrels, as overall inventories remained near levels not seen at this time of year in 80 years.