Wednesday, September 20, 2006

Barrel of Oil Goes from $77 Down to $60

I hope George Soros has been betting via hedge fund crude oil futures contracts on ever increasing oil prices. I hope he takes a big hit.

From the Wall Street Journal September 20, 2006:
"The price of oil has fallen sharply in the past few weeks. After settling in mid-July at more than $77 a barrel, the front-month crude contract has tumbled to near $60 a barrel, a dramatic decline."


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