Oil price goes below $50 a barrel
"US light sweet crude fell to $49.06, while London-traded Brent crude fell to $48.90 a barrel." Full Story »
Posted by Adrianne Loggins"US light sweet crude fell to $49.06, while London-traded Brent crude fell to $48.90 a barrel." Full Story »
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The graph really helps, but this is a little shy on little details. When was OPEC output cut? And how about some analysis: what does the increasing crude stock level mean? What does the Japanese trade deficit have to do with this?
This story is short, but feels like it should be even shorter. Latter graphs are not transitioned, and earlier ones could be combined. I'm also wondering what oil prices were earlier this week, not in July. What did they fall from? If it was a big fall then, yes, this is totally worthy of a story. Or maybe it's just symbolic that the price is now less than $50. Maybe, maybe.
This is a short piece on the status of crude oil around the Globe. It includes a chart to illustrate the decline in London-traded crude oil. Although it is informative to the general consumer, it does not go into much detail nor does it include more than a few of sources, only one of which it quotes.