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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: PROLIFE who wrote (748699)9/6/2006 5:20:06 PM
From: Hope Praytochange  Respond to of 769670
 
lefties now drink gasoline instead of black label

Crude oil prices fell to a low of $67.77 on Monday and remained under pressure this morning, just pennies from a key support level. The close of the summer driving season and calm tropical winds in the Gulf are putting pressure on oil prices.
In addition, diplomacy between the U.S. (through the U.N.) and Iran over its nuclear intentions is quelling fears of a disruption in production.

The key support for crude is the 200-day moving average, which is around $67.50, Reuters points out. If crude drops below $67.50 look for traders to start selling the commodity.

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"The market has been very technical. If we break these levels, there is room to go much further down," said Olivier Jakob of Petromatrix to Reuters. "It's hard to see where support is going to come from."

MoneyNews
Wednesday, Sept. 6, 2006



To: PROLIFE who wrote (748699)9/6/2006 7:50:40 PM
From: Jamey  Read Replies (4) | Respond to of 769670
 
I haven't filled up in the last few days. I'll wait to see how much difference I see at the pump. Amazingly, I was told that the producers only realize about $.09 a gallon and the rest is taxes. If that's right then we can see who benefits from high oil prices. The City, State and FED governments.

Santi