Down over $5 in the last couple weeks - Saudi trying to regain price controls gave it the bump up and reality is returning.
$1.95/gallon of gasoline in beautiful mid-Michigan today.
The world wide economy is in recession. If the economy were truly growing, the demand for oil and its price would be going up. So would interest rates if there were a demand for capital, Fed or no Fed. The prices of other industrial commodities are also low for the same reason. Left wing governments suppress business development and the creation of real wealth. They cause recessions. Nor can you believe the data and statistics that are put forth by Obama controlled Federal agencies.
Oil will continue to plunge, and gold continue to rise until the election. If Trump wins you will see a “Brexit” style market move, with the Dow down 1000 points, and the dollar crushed vs. the Euro (but up vs. Peso).
We’re all gonna die.
I’m a buyer starting at $41.
oh my poor SIL who has to brag about her oil checks every single time we talk on the phone maybe won’t be bragging this time...yippee!