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12/15/2015 7:11 am  #1


Crude Falls Below $35 per Barrel in New York for First Time Since 2009

But there have been small gains for the 6 year low in New York
Nice to have gas in the low $2 range.

Crude Falls Below $35 per Barrel in New York for First Time Since 2009

Read the full story here:
http://www.bloomberg.com/news/articles/2015-12-14/oil-falls-below-35-in-new-york-for-first-time-since-2009

Oil is trading close to levels last seen during the global financial crisis after the Organization of Petroleum Exporting Countries effectively abandoned output limits as it sought to defend market share. Repealing the restrictions on shipping U.S. crude overseas could open new markets for the world’s largest oil and gas producer, buoying the price of domestic crude grades.
 

Last edited by Common Sense (12/15/2015 7:11 am)


 “We hold these truths to be self-evident,”  former vice president Biden said during a campaign event in Texas on Monday. "All men and women created by — you know, you know, the thing.”

 
 

12/15/2015 10:17 am  #2


Re: Crude Falls Below $35 per Barrel in New York for First Time Since 2009

I have this annoying feeling that out there somewhere is a dark and mysterious thing that we all wake up one morning to that has caused oil to increase to $60+ a barrel and gasoline prices are $4.00 a gallon.  What is happening right now with the prices of oil and gasoline is almost too good to be true.

 

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