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Re: Crude Oil Drops Another 2.5%

By: clo in FFFT3 | Recommend this post (0)
Tue, 14 Oct 14 11:26 PM | 79 view(s)
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Msg. 03301 of 65535
(This msg. is a reply to 03298 by killthecat)

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This is going to put the squeeze on Putin.

He won't be the hero much longer, if not for the high price of oil Russia's economy wouldn't have been so strong.




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DO SOMETHING!


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The above is a reply to the following message:
Crude Oil Drops Another 2.5%
By: killthecat
in FFFT3
Tue, 14 Oct 14 11:06 PM
Msg. 03298 of 65535

Crude-oil prices continued to slide on Tuesday after the International Energy Agency cut its forecasts for oil-demand growth this year and next.

In its closely watched monthly oil market report, the Paris-based energy watchdog cut its forecast for 2014 oil-demand growth by 200,000 barrels a day to just 700,000 barrels a day, its weakest in five years.

Prices have fallen more than 20% since mid-June as ample global crude supplies have grown faster than demand.


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