WORLD OIL COMMODITY

THE OBJECTIVE OF THIS BLOG IS TO MANIFEST INDIGNATION TO THE LIES AND OPTIONS TAKEN BY GALP ENERGIA PORTUGALS PETROL COMPANY.

Monday, June 11, 2007

Crude oil plunges

Crude oil plunged more than $2 a barrel from a nine-month high.A weaker economy points to weaker fuel demand.''Crude oil for July delivery slipped $2.12, or 3.2 percent, to $64.81 a barrel at 1:09 p.m. on the New York Mercantile Exchange. Yesterday's close was the highest since Sept. 7. Prices fell 0.4 percent this week and are 7.8 percent lower than a year ago.Brent crude oil for July settlement tumbled $2.42, or 3.4 percent, to $68.80 a barrel on the London-based ICE Futures exchange.Will this have a effect here in Portugal, I don’t think so probably we will see yet another petrol increase …. These petrol companies have no shame…

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