December 7, 2004
AND LOWER...:
Oil Falls to 3-Month Low on Mild Weather (Reuters, 12/07/04)
Oil prices fell more than a dollar to a three-month low on Tuesday as mild winter weather sapped demand in the heavy energy consuming U.S. northeast.Posted by Orrin Judd at December 7, 2004 2:42 PMU.S. light crude were down $1.33 at $41.65, the first time they have broken below $42 since August 31. [...]
"There seems to be plenty of oil around, both crude and products, demand is drifting and we're expecting U.S. stocks to grow on Wednesday," said one London-based dealer.
Comments
It's such a coincidence that the price of oil went to an all-time high right around the election. Now that the election is over, the price is falling pretty fast. If I didn't know better, I would think that someone didn't want Bush re-elected.
Posted by: L. Rogers at December 8, 2004 12:08 AM