SPRL - Strat Petroleum, Ltd. (Bulls Board) Message Board

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Gold/Mining/Energy : SPRL - Strat Petroleum, Ltd. (Bulls Board)

SPRL 0.0000200

0.0%

Nov 7 9:30 AM EST

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To: Becky who wrote (2249)	1/5/2007 1:24:37 PM
From: Tadsamillionaire	of 2322

Oil prices hover at $55 a barrel Oil prices fell further on Friday to hover at about $55 a barrel, bringing the week's decline to nearly 10%. The slide came after oil prices saw their most dramatic drop in two years a day earlier. Prices had shed more than $2 a barrel after mild US weather led consumers to use less petrol and heating oil. US light crude oil was 27 cents lower at $55.32 a barrel in afternoon trade on Friday in New York and Brent crude shed 22 cents to $54.89 in London. Mild weather in the North East, the top heating oil consumer region, and in Europe has cut demand for fuel, bringing down prices since late December. The US Energy Department said stocks of distillates rose by two million barrels in the last week of 2006. As well as the energy department data, the government released figures showing that petrol stocks rose by 5.6 million barrels in the last week of December - considerably higher than the 1.5 million barrels expected. news.bbc.co.uk

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