August 12, 2008
AND WHY WOULD RUSSIA WANT OIL?:
Stocks Rise as Oil Falls: Major indexes reversed earlier losses after the price of crude oil fell, at one point breaking below $114 per barrel (Ben Steverman, 8/12/08, Business Week)
Stocks rose Monday as the falling price of oil helped major indexes continue a rally that began on Friday.War between Russia and Georgia failed to rattle energy markets Monday. Oil dropped below $114 per barrel at one point on Monday before recovering a bit. On the NYMEX, crude oil for September delivery fell 60 cents to $114.60 per barrel.
To sell more of it faster, which means cheaper.
