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How come oil is down 2 bucks a barrel today?

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Bigmack Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-20-06 03:36 PM
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How come oil is down 2 bucks a barrel today?
I guess all that shit about the Iran bourse, peak oil, and unrest in the Mideast is no big thing.
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MADem Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-20-06 03:38 PM
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1. The BushCo clowns did a little profit taking, I reckon n/t
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Viva_La_Revolution Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-20-06 03:41 PM
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2. Iran agreed to talk about something...
Not the nuclear stuff. Price started dropping Saturday, I think. Everybody had been a little freaked by the standoff.
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radfringe Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-20-06 03:46 PM
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3. operation "smarmy" was a bust
didn't create the "momentum" to boost bush*'s numbers
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Eugene Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-20-06 04:15 PM
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4. $62.40 per barrel isn't exactly cheap.
An attack on a pipeline in Nigeria along with the recent troubles in Iraq
caused prices to spike. Reduced demand and higher inventories are now
bringing the prices back down.

One year ago, prices $60 per barrell and higher seemed far fetched.
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Jayhawk Lib Donating Member (587 posts) Send PM | Profile | Ignore Mon Mar-20-06 04:22 PM
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5. Nothing to get excited about.
It is a market. Markets go up and they come down. Just like stocks on the stock market.
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