The price of oil rose $4.58 yesterday, its biggest rise since early July, closing at $126.77 a barrel. Overall, the price of oil has dropped 9.4% this month, its biggest fall since September 2006. A report by Goldman Sachs predicting that oil prices will hit $149 a barrel helped fuel yesterday’s rally.
Let’s hope this spike is an abnomally and pray that prices go down soon. This month’s 9.4% overall drop could be our silver lining yet.