Tuesday, August 5, 2008

Oil price falls further to $118

It's about time. Experts were months ago predicting that the economic will restore its order once the demands go down amid the ever rising oil price. Now, not just the demands go down, the oil stockpilings are also being increased by OPEC esp the #1 producer, Saudi Arabia after a plea by the US. Nevertheless, this could just mean a rather temporary decline with the things going around the globe esp the depleting of the most important nonrenewable resource. Click the link for full news from BBC.

http://news.bbc.co.uk/2/hi/business/7542766.stm

0 comments: