Violence in Nigeria, supply disruption in Mexico and the prospect of another drop in U.S. inventories and more rate cuts drive crude past the triple-digit mark
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Analysts are expecting the latest government inventory report - set for release Thursday, to show a 1.8 million barrel decline in crude supplies, according to a Dow Jones poll. It would mark the seventh straight week U.S. crude stocks have dropped.
the NYT article made it sound as if it was the work of a lone stock trader. As if we shouldn't be too worried about oil prices. These prices are just the work of some trader trying to be a showoff.
Hrmph.
I'll be waiting with baited breath to see how the try to soothe the masses when gas hits $3.50 nationally here in a few months.
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"I got 350 heads on a 305 engine. I get 10 miles to the gallon. I ain't got no good intentions." - The Drive By Truckers.
yep, as soon as these lower prices hit the pumps the SUV's and crazy speeders will return in full force.. well maybee they will realizes there errors of there ways.. but doubtful.. If gas tumbles to $3.25 -$3.50 a gallon it return to what it was..
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