Mambo Jambo
JF-Expert Member
- Jul 11, 2008
- 1,100
- 82
Oil falls below $67 a barrel on demand worries
Thursday, October 23, 2008
Oil prices plunged to their lowest in 16 months Wednesday as global economic worries led investors to predict a further drop in energy demand.
The continuing slide in prices is good news for drivers. The nationwide average gasoline price is now the lowest in nearly a year and is set to fall further.
The price of a barrel of light, sweet crude trading for delivery in December fell $5.43, or 7.5%, to $66.75, the lowest since June 2007. Oil prices are now down 54% from the record close of $145.29 on July 3.
MY TAKE: Hii ni kwa ajili ya nchi zilizoendelea pekee kwa kuwa nyumbani bei bado zile zile?, au ni uongozi wetu na siasa zisizoeleweka?.
Tuijadili..
Thursday, October 23, 2008
Oil prices plunged to their lowest in 16 months Wednesday as global economic worries led investors to predict a further drop in energy demand.
The continuing slide in prices is good news for drivers. The nationwide average gasoline price is now the lowest in nearly a year and is set to fall further.
The price of a barrel of light, sweet crude trading for delivery in December fell $5.43, or 7.5%, to $66.75, the lowest since June 2007. Oil prices are now down 54% from the record close of $145.29 on July 3.
MY TAKE: Hii ni kwa ajili ya nchi zilizoendelea pekee kwa kuwa nyumbani bei bado zile zile?, au ni uongozi wetu na siasa zisizoeleweka?.
Tuijadili..