Suitably Flip

Crude Watch

Down, down, down.  Crude oil futures hit a multi-month low on Monday.  Trading was light on the New York Mercantile Exchange, what with it being closed, but European trading pushed Nymex crude futures well under $69 $68 a barrel.

Despite upward pressure on oil prices resulting from the continuing krisis of krazy in Iran, the market seems recently lulled by the failure of the U.N. to impose sanctions, instead dispatching Kofi to a mild and unproductive sit down with Ahmadinejad.

Shoving prices further downward were last week's unexpected buildup in U.S. oil inventories and Friday's significant reduction in this year's hurricane forecast.

Recently:
Coming In November: Falling Oil, Economic Bliss, Some Elections
Had Enough, Crude?  Yeah, You Stay Down.
Oil Tanks Again

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Crude Watch

Down, down, down.  Crude oil futures hit a multi-month low on Monday.  Trading was light on the New York Mercantile Exchange, what with it being closed, but European trading pushed Nymex crude futures well under $69 $68 a barrel.

Despite upward pressure on oil prices resulting from the continuing krisis of krazy in Iran, the market seems recently lulled by the failure of the U.N. to impose sanctions, instead dispatching Kofi to a mild and unproductive sit down with Ahmadinejad.

Shoving prices further downward were last week's unexpected buildup in U.S. oil inventories and Friday's significant reduction in this year's hurricane forecast.

Recently:
Coming In November: Falling Oil, Economic Bliss, Some Elections
Had Enough, Crude?  Yeah, You Stay Down.
Oil Tanks Again