Another Leg Down for Oil?
by Brian Bolan
November 02, 2012 | Comments : 9 Recommended this article: (0)
Read/Post Comments (9) | Recommended this article (0)
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I took a look at the price of oil recently and noticed that it was lower again. Then I looked at the graph below and noticed how the price has moved down in "legs" over the last two months.
It all got me thinking about the demand for oil and why is it slowing down. We heard not too long ago that China had slowed its purchases and amassed a pretty large stockpile, but why other factors are out there causing this price decline?
Since oil is key component in global production, transportation and commerce, there is no one right answer ... so what do you think is driving the price lower now and will we see another leg lower?
Chime in below and I will throw my two cents in as well!