Wall Street Journal - 14 hours ago
Crude-oil prices fell Thursday after worries about production in Saudi Arabia and Libya
eased. Light, sweet crude for December delivery was down 76 cents, or
1%, at $77.92 a barrel on the New York Mercantile Exchange.
The first one you have to subscribe to that word button to read it. The second one I could load but not as a quote and I don't know about the third word button. However, if you are interested in the price of Oil worldwide please feel free to click on whatever one you want to.
The dynamics of all of this I first thought were just Saudi Arabia doing this lowering of prices. But, now I'm finding so many variables involved I'm not fully sure about what is causing the drop so far so fast. However, many people in Hedge funds are predicting the price will eventually go to zero before it comes back up. So in the end who knows? However, if you need to buy a whole lot of oil or gas maybe buying it on the way down might be better than buying on the way back up at some point.
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