Oil Drops to $92 Amid Financial Fiasco
Source: http://Blog.QualityStocks.net/?p=12394Posted on Tuesday, September 16th, 2008 | In Small & Micro Cap
Contributed by: QualityStocks (http://QualityStocks.net) -
As a result of tapered demand, oil fell to around $92 on Tuesday. Fears have been fueled by the current economic crisis affecting many of the nation’s financial giants, previously imagined to be infallible. From a retail perspective, nearly all Gulf oil production remains shut down as hurricane season wears on, keeping prices at the pumps above $3.85 a gallon. Experts warn that with so many factors playing into the equation, demand could continue to drop. Since July 11th, the price of crude oil has decreased by more than one-third.
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Tags for this Post:
crude oil, Oil, oil production remains, retail perspective, Small & Micro Cap, USD
crude oil, Oil, oil production remains, retail perspective, Small & Micro Cap, USD
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