Search This Blog

Pages

Wednesday, July 16, 2008

Oil Prices Drop For Second Day In A Row

Don't get your hopes up, but oil prices settled sharply lower for the second day in a row today, leaving crude more than $10 cheaper in two days of frenzied trading.

The two-day slide of $10.58 a barrel marks a dramatic turnaround in crude prices but
analysts are unsure whether the drop represents a long-term shift in sentiment or simply a brief correction to crude’s monthslong bull run.

Here's the details.

No comments: