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Oil Dips Below $75 As OPEC Cuts Demand Forecast
Oil Dips Below $75 As OPEC Cuts Demand Forecast
Oil prices dipped below $75 a barrel Wednesday, a new 13-month low, as OPEC reduced its 2009 petroleum demand forecast amid signs that the global economy is headed for a severe downturn.
Light, sweet crude for November delivery fell $2.95 to $75.68 a barrel on the New York Mercantile Exchange after earlier sliding to $74.57, the lowest trading level since Sept. 5, 2007. picked by ImNotBlue 1 year ago
tags Oil OPEC gasoline crude
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10
 loonytoo...
1 year ago
How many people are seeing the benefits of this drop though? I'm willing to bet that the price of things has barely gone down because the profit margin will be so much greater.
quote #2
16
 ImNotBlu...
1 year ago
« loonytoon : How many people are seeing the benefits of this drop though? I'm willing to bet that the price of things has barely gone down because the profit margin will be so much greater.
Sadly, you are 100% correct.
quote #3
About Plime
Plime is an editable wiki community where users can add and edit weird and interesting links. Users earn karma when other users vote on their actions. The more karma you have, the more power you have at Plime.

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