WorldWatch has noticed a clear indication that at least for today there is a decline in the crude price and once more SPECULATION is the driving force behind this news..this time the SPECULATION has worked in a downward trend ...both in London and New York prices fell as SPECULATION suggests that OPEC during next meeting in Abu Dhabi will increase production of the black gold...next OPEC meeting will be in Decenber 4th and 5th 2007.
Today at 9h34a.m Brent crude price for January was priced at 92,44$. West Texas Intermediate crude price for January was priced at 94,44$.
The real factor is that all these months of SPECULATION will no doubt lead to a slower economical growth in the U.S and in Europe, the petrol
consumption will decrease, people will travel less so fuel consumption will DECREASE.
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