Crude Oil Up!
Well, another bad day on Wall Street. Which was mostly caused by the rising inflation and the weaker U.S. Dollar. The price of oil per barrel went up $1.66 to end at $114.53. And the U.S. Dollar got a little weaker compared to the Euro. Although it’s been a rough start to this week I feel things will level out towards the end. And hopefully the price of oil will get back in the habit of going down. The recent drop of oil is already starting to show signs of it the pumps. A gallon of gas was at $4.11 and is coming down to $3.73. I feel that by years end the gallon of gas will be under $3.00, you’ll see.
This entry was posted
on Tuesday, August 19th, 2008 at 5:59 pm and is filed under Business, Economy, General Info, Investing.
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