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Re: Crude Oil Drops Another 2.5%

By: oldCADuser in FFFT3 | Recommend this post (0)
Wed, 15 Oct 14 3:34 AM | 94 view(s)
Boardmark this board | Food For Further Thought 3 		Msg. 03313 of 65535
(This msg. is a reply to 03298 by killthecat)
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I paid $3.35 for regular yesterday at Costco, the lowest I've seen it in years here in SoCal.




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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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