All Commentary
Friday, May 6, 2011

Caution about Economic Slowdown Depresses Oil Price

“Crude oil prices plunged nearly 9?percent on Thursday, tumbling below $100 a barrel in the United States, as weak economic indicators fanned fears of a new economic slowdown and investors rushed to cash in gains on crude contracts. Commodity prices fell across the board, dropping more than they had since 2009, as renewed economic anxiety settled in and the U.S. dollar rose, making commodities somewhat more expensive for people holding other currencies.” (Washington Post)

Roller coaster.

FEE Timely Classic
“Rising Oil Prices Create Inflation?” by Christopher Lingle