Got to love it! Oil Prices expected to contin
Post# of 23098
Posted On: 11/16/2014 1:55:16 PM
Got to love it!
Oil Prices expected to continue with the trend
Business & Finance
23 mins ago
oil prices likely to fall furtherU.S consumers have been enjoying declining gas prices and the trend seems not to stop anytime soon. The IEA, International Energy Association on Friday announced there is more savings to come. This was after consulting with 29 countries globally before announcing the good news.
On Friday, Brent Crude ended their trading at $78.13 a barrel eight consecutive weeks of dropping gas prices. This has been the lowest price in many years and is expected to decline further. Many Americans currently love paying less than $2.50 a gallon, and no longer expect the usual worries of holiday hikes while most of them travel to visit their families, friends and relatives during holiday vacations.
With no supply issues imminent, there is no doubt the cost of oil will continue with its already established trend through 2015. Although the savings in the U.S. is costing other countries revenue, the only country that may not cooperate is Saudi Arabia. There is a meeting scheduled to be attended by OPEC members at the end of November. This meeting is expected to reserve the current trend as it is without any alterations.
The falling oil prices are also being supported by counties in Southeast Asia. For instance India is not growing economically as it has and had a hand in rising oil prices in the past. While these countries are suffering and must keep exports moving, they have no chance but to sell at the going global rate. With this trend persisting in the future, such economies will have to struggle too to maintain growth.
The declining oil prices also have possible consequences to the economy. Unfortunately, consumers do not even worry about the probability of economic consequences but rather enjoy the low prices at the moment.
For instance, there may be a shrinking of oil drilling and long term projects; not only does it lessen the work force, it brings the economy down with it. For the first time in a long time, supply is higher than demand, while forecasts indicate it is expected to continue, there is no real say as to how long the trend will last, and no one in the United States is forecasting gas to cost less than two dollars a gallon.
Oil Prices expected to continue with the trend
Business & Finance
23 mins ago
oil prices likely to fall furtherU.S consumers have been enjoying declining gas prices and the trend seems not to stop anytime soon. The IEA, International Energy Association on Friday announced there is more savings to come. This was after consulting with 29 countries globally before announcing the good news.
On Friday, Brent Crude ended their trading at $78.13 a barrel eight consecutive weeks of dropping gas prices. This has been the lowest price in many years and is expected to decline further. Many Americans currently love paying less than $2.50 a gallon, and no longer expect the usual worries of holiday hikes while most of them travel to visit their families, friends and relatives during holiday vacations.
With no supply issues imminent, there is no doubt the cost of oil will continue with its already established trend through 2015. Although the savings in the U.S. is costing other countries revenue, the only country that may not cooperate is Saudi Arabia. There is a meeting scheduled to be attended by OPEC members at the end of November. This meeting is expected to reserve the current trend as it is without any alterations.
The falling oil prices are also being supported by counties in Southeast Asia. For instance India is not growing economically as it has and had a hand in rising oil prices in the past. While these countries are suffering and must keep exports moving, they have no chance but to sell at the going global rate. With this trend persisting in the future, such economies will have to struggle too to maintain growth.
The declining oil prices also have possible consequences to the economy. Unfortunately, consumers do not even worry about the probability of economic consequences but rather enjoy the low prices at the moment.
For instance, there may be a shrinking of oil drilling and long term projects; not only does it lessen the work force, it brings the economy down with it. For the first time in a long time, supply is higher than demand, while forecasts indicate it is expected to continue, there is no real say as to how long the trend will last, and no one in the United States is forecasting gas to cost less than two dollars a gallon.
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I'm in it to win it!
NASDAQ DIP and RIP
Here is the best word that describes what i do here.
Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.
I was born with it, I'm truly blessed!
Alway's searching for winners'
NASDAQ DIP and RIP
Here is the best word that describes what i do here.
Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.
I was born with it, I'm truly blessed!
Alway's searching for winners'