12.11.2014

Oh no! Oil is getting cheaper! (Imagine our dispair)

Oil resumes decline, falling toward $64, oversupply weighs | Reuters

"Crude prices sank on Wednesday as OPEC forecast an increasing supply surplus in 2015, U.S. crude inventories unexpectedly rose and OPEC's most influential voice, Saudi Arabia's oil minister, shrugged off the need for an output cut."

(But why am I thinking this isn’t likely to cut the cost of heating oil much?)

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