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22-08-2015, 01:40 PM
An honorable member of the Coffee Shop Has Just Posted the Following:
Oil prices dipped below $40 a barrel Friday for the first time in 6 ½ years on the prospect of falling global demand, busting through a key threshold that could signal further declines and market turmoil.
"It's a very important psychological level, says Phil Flynn, senior energy analyst with the Price Futures Group. It really signals that the global economy is in trouble.
http://www.usatoday.com/story/money/...iday/32119671/ (http://www.usatoday.com/story/money/markets/2015/08/21/oil-prices-friday/32119671/)
Click here to view the whole thread at www.sammyboy.com (http://sammyboy.com/showthread.php?213522-Oil-prices-fall-below-40-a-barrel-for-first-time-since-2009&goto=newpost).
Oil prices dipped below $40 a barrel Friday for the first time in 6 ½ years on the prospect of falling global demand, busting through a key threshold that could signal further declines and market turmoil.
"It's a very important psychological level, says Phil Flynn, senior energy analyst with the Price Futures Group. It really signals that the global economy is in trouble.
http://www.usatoday.com/story/money/...iday/32119671/ (http://www.usatoday.com/story/money/markets/2015/08/21/oil-prices-friday/32119671/)
Click here to view the whole thread at www.sammyboy.com (http://sammyboy.com/showthread.php?213522-Oil-prices-fall-below-40-a-barrel-for-first-time-since-2009&goto=newpost).