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| Wednesday, July 23, 2008 |
| What's actually happened to the Crude oil? |
Sometimes I really cannot understand the oil price's structure.
Few weeks back when we heard the news from the international crude oil association said that the production of the crude oil would not decline but will keep increasing due to the demand, yet the crude oil price keep settling higher and higher.
However, this week, the crude oil price tumbled and tumbled, and marked $20 decreased since the record high at $147 at a week ago. Well. of cource, as a consumer, this is a good news to me, since the petrol price also follow the trend and decrease to S$2.06 already. If the crude oil price is continue to fall, we will be happier as well; which is hardly happened according to those analysts' spokes.
In the other side, where are we now in the economic situation, are we really with the bear?
hmm....... |
posted by NOSNIM™ @ 7:27 AM  |
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