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The Price Of Oil - Page 44

Opec refuses oil production cuts

Opec leaders leave oil production quotas unchanged after a brief meeting in the Egyptian capital.
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Oil Price The

So just perhaps a world wide depression is the only item that can control the oil prices after all. I am not surprised by this as if the barrel stays low more expensive processing plant will shut down decreasing the supply and a slight increase in oil should be expected if that happens.

I think by in large they realize a person with little money will stop buying gas if it is too expensive and the over all profit is negatively impacted.

The Price Of Oil History & Civil Business Politics

They are now talking about that the price of oil will soon be around $45 a barrel and stay there for awhile. I am hoping that we see $40 a barrel.

Page 44 Oil Price The

Crude steady near four-year low

Oil prices are steady at almost four-year lows below $44 a barrel as demand continues to be hit by the slowing global economy.
Ref. Source 3

Oil Price The

Gas is at a multi-year low right now -- I've seen $1.739 - $1.859 locally, and it hasn't been like that in a long, long while. But I think it's just a trick to get us out shopping for the holidays, and after the first of the year it will spike again.

The Price Of Oil

One of the oil companies stated yesterday that we could be seeing Gas at $! a gallon in January. Right now the world is using less and less crude oil and the inventories that nations are using are going up. Right now our refineries are running at 84% because they were storing more and more gasoline that was not moving. The latest inventory numbers showed that the gas inventories are now declining. I believe we will see gas under $1 a gallon but not for very long.

The Price Oil - Page 44

I think once the economy picks up so will the prices. You are right people are not traveling and such unless required right now Klar. I am sure this is effecting the demand on oil.

The Price Oil Politics Business Civil & History - Page 44

Oil prices up on talk of Opec cut

Oil prices rebound from four-year lows after Opec's president says the oil cartel could announce a large reduction in oil output.
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