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Oil prices fall below $35 on economic outlook

February 19, 2009 – 1:11 am – No Comment

Today the March delivery for light sweet crude fell below $35 a barrel. The March delivery will be closing on Friday and the April delivery is actually up over $37 a barrel today.
The decline in price came after the Fed released some very depressing news …

Economy beats Middle East violence, oil falls today

December 30, 2008 – 4:20 pm – No Comment

When watching oil prices it is a struggle between the economic outlook and other external factors. Yesterday the violence between Israel and Hamas caused oil to jump because of fears of output and exporting problems, but today it fell because of a “grim economic outlook.”
With …