Monday, Aug 14, 2006

Oil price falls, but for how long?

SKY News: Oil Slips Back On Truce

Oil fell to $73 a barrel as a UN-brokered truce took effect to end fighting between Israel and Hizbollah. The move eased concern about supply from a region that pumps a third of the world's oil.

Posted by webmaster @ 04:46 PM (525 views)
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1. waitingfor hpc said...

oil was about $30 a barrel only 12 odd months ago. Now at $73 so let me see...... thats 145% increase..........and inflation remians steady at 2.5%. That seems logical. NOT.

Tuesday, August 15, 2006 08:30AM Report Comment

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