Oil price slumps below $34 barrel

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   The price of New York oil sank under 34 dollars per barrel on Friday for the first time for more than four and a half years, as weak global demand overshadowed a record OPEC output cut, traders said.

This is really good news in my book. I'm saving $200 month on gas, and now with a new refinance of my home, I'm saving another $200 month.

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Middletown News Members Profile Send Private Message Find Members Posts Visit Members Homepage Add to Buddy List Prominent MUSA Citizen Joined: Apr 29 2008 Location: United States Status: Offline Points: 1100	Post Options Post Reply Quote Middletown News Report Post Thanks(0) Quote Reply Topic: Oil price slumps below $34 barrel Posted: Dec 19 2008 at 2:57pm
	The price of New York oil sank under 34 dollars per barrel on Friday for the first time for more than four and a half years, as weak global demand overshadowed a record OPEC output cut, traders said. This is really good news in my book. I'm saving $200 month on gas, and now with a new refinance of my home, I'm saving another $200 month.
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Bwood Members Profile Send Private Message Find Members Posts Add to Buddy List MUSA Resident Joined: Oct 29 2007 Status: Offline Points: 122	Post Options Post Reply Quote Bwood Report Post Thanks(0) Quote Reply Posted: Dec 22 2008 at 11:11am
	It's actually bad news because it is caused by the weak global economy. When things pick back up, oil demand will increase and you will pay more. OPEC already has plans to start stockpiling and cut production to create a shortage. Don't go buying SUVs just yet.
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Middletown News Members Profile Send Private Message Find Members Posts Visit Members Homepage Add to Buddy List Prominent MUSA Citizen Joined: Apr 29 2008 Location: United States Status: Offline Points: 1100	Post Options Post Reply Quote Middletown News Report Post Thanks(0) Quote Reply Posted: Dec 22 2008 at 3:18pm
	Crude Oil can not keep above $40 Crude-oil futures fall nearly 6%, closing at $39.91 a barrel
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