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Politics : Formerly About Advanced Micro Devices

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To: tejek who wrote (232431)5/12/2005 3:36:47 PM
From: RetiredNow  Read Replies (2) of 1573922
 
Nonsense.....oil is going no where.

Oh really? I think you will be shocked to know that increased supply equals lower prices when we're talking about commodity goods.

story.news.yahoo.com
Oil dives to 3-month low as stocks rise

By Richard Valdmanis 6 minutes ago

NEW YORK (Reuters) - Oil prices tumbled to a three-month low on Thursday as dealers turned their attention to swelling U.S. crude inventories and signs of slower global demand growth.
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U.S. crude futures dropped $1.91, or 3.8 percent, to $48.54 a barrel, adding to a $1.62 decline Wednesday triggered by a U.S. government report showing stockpiles at their highest since July 1999.
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