Wilson PonOil Price Steadily Bouncing Up to $68
June 3rd 2009 14:14
After a few months of inconsistency, the oil prices seem to have risen to the highest level on 12th May 2009.
The oil price closed at $68.51 yesterday and it’s steadily marching to the $70 per barrel stage…
According to the report, the US crude reached up to $60.08 a barrel before its falling back again. The oil price has been rising about 80% from a January, which is only $32.70 a barrel.
However, this current price is still far lower than the record high, $147 per barrel in July 2008!
Small parts of economists have some optimistic thoughts that the increased oil price determined the economy downturn is starting to recover slowly.
The other financial experts seem that this is only a delusion, where the economy turbulence is going to become worse, especially in the third and fourth quarterly period!
The oil price closed at $68.51 yesterday and it’s steadily marching to the $70 per barrel stage…
According to the report, the US crude reached up to $60.08 a barrel before its falling back again. The oil price has been rising about 80% from a January, which is only $32.70 a barrel.
However, this current price is still far lower than the record high, $147 per barrel in July 2008!
Small parts of economists have some optimistic thoughts that the increased oil price determined the economy downturn is starting to recover slowly.
The other financial experts seem that this is only a delusion, where the economy turbulence is going to become worse, especially in the third and fourth quarterly period!
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