posted on Nov, 5 2004 @ 08:24 AM
Nov. 5, 2004
Some more good news, crude oil is starting to drop!
The rise in crude was due to terror concerns around the globe, and now that the US elections have passed with no terrorist acts at all.
I will bet crude will drop like a rock over the next month!!!
VIENNA, AUSTRIA - Oil prices edged up today but remained near two-month lows below $49 a barrel, reflecting increased refining capacity in the Gulf of
Mexico. Still, analysts said higher demand during the Northern Hemisphere's winter could soon result in an upward spike.
Crude for December delivery was at $48.94 in electronic trading on the New York Mercantile Exchange at midday in Europe, up 12 cents from its
overnight close. Light crude had fallen $2.06 to $48.82 on Thursday, the first time it has settled below $49 since Sept. 24.