Oil price down to $ 33.87 a barrel [Archive]

Win2Win

21st December 2008, 03:41

NEW YORK (Reuters) ndash; Oil fell over six percent on Friday, as fears of economic slowdown weighed heavier than proposed production cuts by the worldrsquo;s major oil exporters.

More... (http://feeds.bignewsnetwork.com/?rid=20550583cat=0267775d6f1c3971)

aromulus

21st December 2008, 08:39

NEW YORK (Reuters) ndash; Oil fell over six percent on Friday, as fears of economic slowdown weighed heavier than proposed production cuts by the worldrsquo;s major oil exporters.

More... (http://feeds.bignewsnetwork.com/?rid=20550583cat=0267775d6f1c3971)

I don't think they will give us petrol at 50 p a litre ever again...:NoNo:

Ady

21st December 2008, 09:13

Still paying 99p for a litre of diesel.

I'm sure it was less than 90p the last time oil was at the $40 mark. Of course, the pound is weaker against the dollar, but petrol here is even more expensive than it has been in comparitive terms.

KeithD

21st December 2008, 10:06

Supposed to hit 86p for petrol this week, and as it 2-3 months behind, as they may buy it at $33 a barrel, it then has to be shipped out & processed which takes a lot of time. It should though drop below 80p in January.

When do our utitily bills :furious3: go down though?

The :action-smiley-081:'oles in those companies took 'financial advice' that the price of oil would keep rising, and so stocked up on oil at around $125 a barrel in long term contracts, now we have to pay for their stupidity.

...and remember all those poor fools who took up the offer of locking in the price of electric/gas for 2 years!! :doh

The price of flights for next year is dropping.

PeterB

21st December 2008, 10:18

Derv is now around 35 pesos a litre at the pumps :)

KeithD

21st December 2008, 11:18

Derv....:)
Blimey, haven't heard that word since the 70's :cwm24: .....is the Phil that far behind? :Erm:

fred

21st December 2008, 13:09

.is the Phil that far behind?

Yes ...Thank God!

PeterB

21st December 2008, 16:38

.....is the Phil that far behind? :Erm:

Well, when was the last time you could buy it for 50p/litre in the UK?

aromulus

21st December 2008, 16:40

Well, when was the last time you could buy it for 50p/litre in the UK?

When I went to Anglesey last...... Couple of weeks ago....:D

KeithD

21st December 2008, 17:27

Well, when was the last time you could buy it for 50p/litre in the UK?
We get it free........from Manc cars :Hellooo:

PeterB

22nd December 2008, 02:56

We get it free........from Manc cars :Hellooo:

Well, they probably got it from your car first!

KeithD

22nd December 2008, 10:11

Well, they probably got it from your car first!
:omg: