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Gustav and the Price of Oil
Posted: Mon Sep 01, 2008 11:25 am
by themanintheseersuckersuit
Posted: Mon Sep 01, 2008 2:16 pm
by etaoin22
Looks like speculating in commodities is so last year.
Posted: Tue Sep 02, 2008 6:47 am
by themanintheseersuckersuit
Oil prices tumbled nearly $7 on Tuesday from last week's close ahead of the U.S. Labor Day weekend as investors shifted their focus to slowing global demand after fears subsided about Hurricane Gustav's impact on Gulf Coast oil rigs and refineries.
http://abcnews.go.com/Business/wireStory?id=5704092
Posted: Tue Sep 02, 2008 7:07 am
by Here's Fanny!
We have been stuck at 3.59 locally for a couple of weeks (although the 7-11 near me jumped to 3.69 Saturday so I thought something was up. But it was apparently just Labour Day Weekend shenanigans and nobody else followed suit).
It's like they tossed us a bone by getting it into the 3.5 range and decided that was good enough.