Senator John Kerry?s victory is believed by some analysts to mean lower crude prices than if George Bush were re-elected as president.
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Crude Prices Prolong the Effect
The election in US was the main event yesterday, and a series of insurgents attacks on northern Iraqi pipeline...
Crude oil prices fell again, still below $50 a barrel yesterday, showing a 10 per cent decline from last Monday?s price peaks amid jittery over US presidential election, rising US crude inventories, and signs of a slowdown in global economic growth.
US crude dropped 38 cents at $49.70 a barrel. London Brent crude was down 40 cents at $46.66 a barrel after sliding almost $2 on Monday.
The election in US was the main event yesterday, and a series of insurgents attacks on northern Iraqi pipeline that have halted the country?s northern export, failed to lift prices.
Senator John Kerry?s victory is believed by some analysts to mean lower crude prices than if George Bush were re-elected as president.
Senator John Kerry?s victory is believed by some analysts to mean lower crude prices than if George Bush were re-elected as president.
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