Monday, April 26, 2010

Do you think that the economic crisis will effect the crude oil price?

Will it increase or decrease it's price?Do you think that the economic crisis will effect the crude oil price?
yes it will.slow down of economy will create a bearish market for oil i.e going down.Do you think that the economic crisis will effect the crude oil price?
If u see physically,Infact it has, the price of oil which was pumped to more than 110 dollars per barrel has reached to 86 dollars now


but


for small oil importing countries this decrease has not brought any good news as the price of dollar has rosen much higher....





so if u see relatively, all in all it wont effect much ,if we see in totality...





may be it will evoke OPEC to produce more oil...



That is a positive yes, when you have one thing offset another will follow. And we americans have the most dependency on the oil. Thus means the good old supply and demand effect.
Haha, what do you think? What wishful thinking.

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