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FatalWishes
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Oil tumbles below $130; natural gas falls sharply
| Quote From Source: | Oil tumbles for third day in a row; natural gas dives by biggest amount in nearly a year
NEW YORK (AP) -- Oil prices fell below $130 a barrel for the first time in more than a month Thursday, as a dramatic slide entered a third day along with a sharp sell-off in natural gas.
The declines accelerated amid growing concerns about the weakening U.S. economy.
"The entire buillish scenario ... is starting to crack," said James Cordier, president of Tampa, Fla.-based trading firms Liberty Trading Group and OptionSellers.com.
Light, sweet crude for August delivery dropped $5.31 to settle at $129.29 a barrel on the New York Mercantile Exchange. Prices have fallen more than $15 in just the past three days.
| | Click source url to view entire story. |
Source Yahoo
Source URL
http://biz.yahoo.com/ap/080717/oil_prices.html
They should take the warning labels off of everything and let stupidity sort itself out.
Please check out our new website at www.globalwarmingisnotreal.com |
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MattN
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When it get below $100, I'll get moderately excited.... |
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MountainManMike
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lol. |
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posted on 7/17/2008 at 15:32
