Monday, September 10, 2007

ONS views oil prices as having gone down …

Lower costs ease pressure on industry

Hmm.. I though crude was around $75 a barrel which doesnt look much lower to me. Temporary GBP strength is the most likely cause, if indeed the figures are correct given the explanation.

Posted by whiteknight @ 06:11 PM (435 views)
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One thought on “ONS views oil prices as having gone down …

  • The £ traded at over $2.03 today, they know the Fed will cut next week.

    The Oil price (in dollars) will go up because the Dollar is a sub-prime currency.

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