January 20th, 2009 @ MReed // No Comments
US markets were closed on Monday to celebrate Martin Luther King Jr.’s birthday, but oil fell below thirty-five dollars per barrel in European markets amidst concerns over reduced damage and recession issues. The issues that have been taking place in Gaza and Israel, as well as problems with Russia and the Ukraine have also affected [...]
December 10th, 2008 @ MReed // No Comments
Sweet crude has come down, and it’s come down a lot. No one would have ever predicted that it would be down in price over $100 a barrel from where it was in the middle of July. There are several reasons for the decline, however. The recession is certainly the largest factor, because people are [...]
September 17th, 2008 @ MReed // No Comments
The US demand for energy looks like it’s going to keep going down. With that being the case, oil prices continue to fall. In the midst of all of that, however, gas prices at the pumps are still going up in many places.
July 18th, 2008 @ MReed // No Comments
Good News! Oil prices fell for the third straight day to settle just below $130 a barrel Thursday. This is the lowest price that we have seen in over a month and a huge relief after hitting record highs last Friday of over $147 a barrel. The steady downward trend, over $15 in three days, [...]
July 11th, 2008 @ MReed // No Comments
Oil prices were up slightly Thursday, and seem to be back on the up and up after recently falling almost $10 a barrel. Tension in the Middle East seem to drive price analyses higher, while what appears to be slowing demand keeps some analysts guessing that the price of oil may have, [dare we say [...]
