Headline of story in today's WSJ: "Oil Prices Set to Stay Weak as Supply Overwhelms Demand"
full at: http://online.wsj.com/articles/oil-tanks-as-supply-overwhelms-demand-1412109941?mod=WSJ_hps_MIDDLE_Video_second A few lines from the middle of the story: > Despite falling U.S. imports, Brent prices had held above $100 a barrel for > most of the past three years amid sufficient global demand and declines in > supply elsewhere. > > In the second quarter, however, consumption stalled in China and the > eurozone, prompting refineries outside the U.S. to process less crude. > Oil-demand growth in the second quarter was its lowest in 2½ years, according > to the International Energy Agency. > > What does this imply for the economies of the world? Dow-Jones at ______ ? Gene _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
