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Re: Could this drive down the price of oil even more...

By: oldCADuser in FFFT | Recommend this post (0)
Mon, 25 Nov 13 7:27 PM | 42 view(s)
Boardmark this board | Food For Further Thought

Msg. 58264 of 65535
(This msg. is a reply to 58225 by oldCADuser)
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Excerpt from the item below released this morning:

U.S. crude futures fell 1.3 percent after a breakthrough nuclear deal between world powers and Iran over the weekend eased oil supply fears. Brent crude fell 1.6 percent.

The decline in the price of oil could weigh on energy companies, though it may benefit other segments of the economy, like consumer spending. U.S. shares of BP Plc (BP.N) fell 0.6 percent in premarket trading.

"Less tension in the Middle East is always a positive, and any drop in gas prices will essentially act as a tax break for consumers going into the holiday shopping season," Duncan said. "This is a real benefit for the economy."

http://finance.yahoo.com/news/stock-futures-point-continued-rally-124602839.html

OCU

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The above is a reply to the following message:

Could this drive down the price of oil even more... By: oldCADuser in FFFT Sun, 24 Nov 13 8:21 AM	Msg. 58225 of 65535
http://www.huffingtonpost.com/2013/11/23/iran-nuclear-deal_n_4331281.html

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