Also there is speculation that oil will drop in price as the high use gas season AKA the summer comes to an end.
Reuters: Oil steadies above $68; weak U.S. demand weighs
But a broad rise in Asian shares, which was driven by a pledge by G20 leaders over the weekend to keep stimulus measures in place for longer and draft rules from China allowing more foreign portfolio investment, helped improved investors' risk appetite and lent support to oil prices.
2 comments:
I'm hoping OIL will fall sharply so so I can sell my wife's used SUV. It has 4 wheel drive she never ever used and it's ready for an survival scenario. ( except one where SUV's become worthless.)
Somewhere out there, someone wants that SUV, that is a given.
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