Logged in as: Anonymous Search | Active Topics |

Market reactions on changing crude oil price Options
#1 Posted : Saturday, December 05, 2009 9:54:55 AM
Rank: Guest

Posts: 134,494

Crude oil news and the volatility of oil markets have hit the headlines in recent years. Crude oil is one of the most important energy resources for the global consumers. This is one of the main reasons why many economies have failed thoroughly in facing the shocks of crude oil price variations. In 1974 and 1979 the shocks created a serious aftermath in global economy. The third major fluctuations in prices happened during the global financial recession, but as it got build up very steadily, many countries had taken necessary precautions to face the tough time.   OPEC’s price range for crude oil was in between US $20-$40, during 2001-2004. The price of oil went above $70/barrel in 2006. But these prices are much below the price ranges in early 1980s, when it was about $85/barrel; almost same as that of today’s prices.  2006 July faced the toughest time when US light crude oil prices rose to the highest level of US $78.40/barrel. Many experts and researchers had predicted that the crude oil price would reach US$105, if the increase had gone at a steady pace.   After the aftermath of global financial recession the oil prices have almost doubled this year and have reached almost US $80 per barrel. World economy is in fact very much dependant on oil prices, than any other market. On close examination we can understand that the economic condition of many countries often change according to the fluctuations in oil prices. I.e. if the price of oil surpass by $100 per barrel this year it can cause a notable change in the present global economy. Furthermore, it may catalyze a major financial change than the present one.   If you are interested in the latest crude oil prices, and want to know more about the latest crude oil prices, you can check the latest   news about oil , from the websites of oil and gas research and investment companies.

#2 Posted : Saturday, December 05, 2009 9:54:55 AM
Rank: Guest

Posts: 134,494

I find this site to be a much better source of information.



Users browsing this topic
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Subscribe Today - Pay Now & Save 66% Off the Cover Price

First Name: *
Last Name: *
Address: *
City: *
State/Province: *
Zip/Postal Code:*
(* indicates a required item)
Canadian subs: 1 year, (includes postage & GST). Foreign subs: 1 year, . U.S. funds.
Canadian Subscribers - Click Here
Non US and Canadian Subscribers - Click Here

Lighten the Strain on the Earth and Your Budget

MOTHER EARTH NEWS is the guide to living — as one reader stated — “with little money and abundant happiness.” Every issue is an invaluable guide to leading a more sustainable life, covering ideas from fighting rising energy costs and protecting the environment to avoiding unnecessary spending on processed food. You’ll find tips for slashing heating bills; growing fresh, natural produce at home; and more. MOTHER EARTH NEWS helps you cut costs without sacrificing modern luxuries.

At MOTHER EARTH NEWS, we are dedicated to conserving our planet’s natural resources while helping you conserve your financial resources. That’s why we want you to save money and trees by subscribing through our earth-friendly automatic renewal savings plan. By paying with a credit card, you save an additional $5 and get 6 issues of MOTHER EARTH NEWS for only $12.00 (USA only).

You may also use the Bill Me option and pay $17.00 for 6 issues.