The eurozone crisis helped oil prices shave off around 20% from their 2012 highs as the...


The eurozone crisis helped oil prices shave off around 20% from their 2012 highs as the supply/demand ratio narrowed, according to the latest IEA report. The slump accelerated in May, with downward pressure also stemming from a slowdown in China and excess supply from some big producers. Crude futures +0.1% to $83.42.

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  • bbro
    , contributor
    Comments (10935) | Send Message
     
    Regular gasoline 3.92 on April 5th ( per GasBuddy)....if you believe
    November Gasoline futures today at 2.35...we could go to 3.15 in 5 months
    13 Jun 2012, 04:44 AM Reply Like
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