Thread: Oil Tumbles as Signs of Slowing Economy Spur Commodity Selling
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Old 10-07-2008, 02:26 PM   #23 (permalink)
Butterfly
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some good news this morning, which explains 3 months future price of gasoline going down to 3.50 USD now

Quote:
Originally Posted by WSJ
Prices Drive Gas Use to Five-Year Low
U.S. drivers have cut back their use of gasoline to levels not seen in five years, data show. Meanwhile, supplies of gasoline are building. The weaker demand, combined with plentiful supplies, could lead to lower prices at the pump. 10:32 p.m.
• Demand Drop Curbs Crude Gains
Quote:
Originally Posted by WSJ
China's Export Growth Slows
China's export growth slowed sharply in June, reflecting weakening demand abroad for Chinese goods amid slower global growth and fears of a possible U.S. recession, while China's own robust economy and expanding consumer sales are driving stronger imports. 1:56 a.m.
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