Quaker

The Significance of Oil's Drop Under $60

Oil was down 27% in the fall of 04 and 22% in the fall of 05. It's down 21% now. Gosh, doesn't that mean oil is 70% cheaper than it was in 03?

Just kidding. The fact is, if oil DIDN'T fall 20% or more, THAT would be a break in trend. These drops are trading anomolies.