25 Sep 2006
Oil tumbles below $60

"Well, there's an election coming up..." seems to be the talk on the streets in Lebanon, Indiana anyway. It's curious how cynical these kinds of wild price fluctuations tend to make folks - they immediately see a conspiracy. They may or may not be right, but I will tell you this: if I had an investment account, I'd be buying oil futures for December or January delivery like mad!

Oil prices fell to a six-month low under $60 a barrel on Monday as BP's move to restore output at Prudhoe Bay earlier than expected added to a sense of healthy, secure supplies, while demand growth questions loomed large.

(link) [CNN]

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