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Oil Down Nearly 26% From Its High
By JLP | September 3, 2008
This is good news:

The price of oil is down nearly 26% if you use the record settlement of $145.29 and a current price of $107.76.
What’s up? I have no idea but I would venture to guess that the high oil prices we saw earlier this year had less to do with fundamentals and more to do with speculation. I just hope prices can stay low but I realize that’s probably wishful thinking.
Topics: Oil |


