New lows!!!!!!
I think were going to get a quick turn around in oil before falling again......
Got gas the other day and paid about $2.47, that same gas was $2.25 about 3 weeks ago, funny thing is oil was back near $44-45 a barrel last week, now oil is down to 2009 lows today, I'm going to check back and see if they drop it now to $2.15-$2.20, I highly doubt it as it will take oil below $40 to get it down below $2.20...prices always move up quicker that they fall when it comes to oil and there is always an excuse why thats the case.
U.S. crude fell to a six-year low below $43 on Monday as global inventories rose and negotiations progressed toward a possible nuclear deal with Tehran that could allow more Iranian oil exports.
Western powers are hoping for concessions from Tehran that could help clinch an agreement in nuclear talks this week after the United States and European powers voiced a willingness to compromise on suspending U.N. sanctions.
U.S. crude fell to $42.85, its lowest level since March 12, 2009, before rebounding to trade down $1.71 at $43.13 by 11:30 a.m. EDT (1530 GMT).
I think were going to get a quick turn around in oil before falling again......
Got gas the other day and paid about $2.47, that same gas was $2.25 about 3 weeks ago, funny thing is oil was back near $44-45 a barrel last week, now oil is down to 2009 lows today, I'm going to check back and see if they drop it now to $2.15-$2.20, I highly doubt it as it will take oil below $40 to get it down below $2.20...prices always move up quicker that they fall when it comes to oil and there is always an excuse why thats the case.
U.S. crude fell to a six-year low below $43 on Monday as global inventories rose and negotiations progressed toward a possible nuclear deal with Tehran that could allow more Iranian oil exports.
Western powers are hoping for concessions from Tehran that could help clinch an agreement in nuclear talks this week after the United States and European powers voiced a willingness to compromise on suspending U.N. sanctions.
U.S. crude fell to $42.85, its lowest level since March 12, 2009, before rebounding to trade down $1.71 at $43.13 by 11:30 a.m. EDT (1530 GMT).