Crude Oil continues to slide owing to high inventory & oversupply
RichC | May 18, 2010
Oil is ‘cheap’ according to graphs depicting Unleaded Gasoline against the dollar this past year (right) and crude oil over the past two years (below). The crisis in Europe and lack of robust economic recovery worldwide is contributing to high inventories and the faltering Spring rally in oil. Lackluster demand aside, oil production countries remain […]