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Oil prices continue slide

Wednesday, August 13th, 2008 Tags:
Posted in News

The price of crude oil continued to fall as the effects of market forecasts, lessening demand and a stronger dollar were felt on the indices. Crude oil for September delivery fell 69 cents, or 0.6%, to $113.76 a barrel, in after-hours electronic trading on the New York Mercantile Exchange, according to Bloomberg. Oil has now fallen 23% from its July high.



3 Responses to “Oil prices continue slide”

  1. Peter Tan Says:

    Oil price drop, after the last price patrol price pump reduction, no more action from them all of them must dump, deaf & blind

  2. Charles Says:

    It’s a strategy. Act only when there is fourm compliant in the newspaper. If not, act like nothing has happen. Nothing to loose, just earn more only.

  3. Yoda Says:

    They think smart, and act blur …. we pay and pay and pay and pay

    Maybe I should buy shares in the oil companies

    But did you know that the petrol stations are not owned or operated by the oil companies? Eg, Shell stations are owned and run by 7-Eleven … so who really determines the final pump price?

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