29/03/2015

Oil Is Falling Again


Stop me if you've heard this one before. Oil is taking a dive today. Already at a six-year low, it's down nearly 3 percent on the day and is danger of dropping below $42 a barrel. Remember it was over $100 last summer.
And it seems that supply continues to expand. U.S. crude inventories probably rose last week, according to a WorldWatch News survey, US stocks rose by 10.5 million barrels last week.
However there is one European Nation Portugal, that continues to increase consumer petrol prices on a weekly basis, since the beginning of the year prices have increased for regular 95 Octane 20 cents per liter!!!
Does anyone have a reason why this happens?
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