Wednesday, July 16, 2008

Oil Prices Drop For Second Day In A Row

Don't get your hopes up, but oil prices settled sharply lower for the second day in a row today, leaving crude more than $10 cheaper in two days of frenzied trading.

The two-day slide of $10.58 a barrel marks a dramatic turnaround in crude prices but
analysts are unsure whether the drop represents a long-term shift in sentiment or simply a brief correction to crude’s monthslong bull run.

Here's the details.

No comments:


About SRTC

SRTC is the federally designated Metropolitan Planning Organization (MPO) for Spokane County. Urbanized areas with populations exceeding 50,000 people are required to have an MPO. SRTC was formed to address the county's transportation planning needs. It provides coordination in planning between the public, cities, small towns, the county, the state, transit providers, and tribes.

SRTC offers services including transportation monitoring, transportation modeling, census information analysis, travel demand forecasting, historical traffic count analysis, geographic information systems, and trip generation rates.