Oil Slumps Below $60 To 8-Month Lows - Set For Record Losing Streak
Oil is on a continued losing streak. The price if falling, now dropping below $60 a barrel.
President Trump's decision to allow 8 countries to continue to import oil from Iran along with Saudi Arabia's continued pumping at a high level means a lot of downward pressure.
Oil pricing is going counter to the overall pricing indexes which are rising.
You got a 44.72% upvote from @upmewhale courtesy of @steemium!
Earn 100% earning payout by delegating SP to @upmewhale. Visit http://www.upmewhale.com for details!
You got a 40.48% upvote from @oceanwhale courtesy of @steemium! Earn 100% earning payout by delegating SP to @oceanwhale. Visit www.OceanWhaleBot.com for details!
Great post!
Thanks for tasting the eden!
You got a 40.59% upvote from @emperorofnaps courtesy of @steemium!
Want to promote your posts too? Send 0.05+ SBD or STEEM to @emperorofnaps to receive a share of a full upvote every 2.4 hours...Then go relax and take a nap!
You got a 38.56% upvote from @brupvoter courtesy of @steemium!
You got a 52.61% upvote from @joeparys! Thank you for your support of our services. To continue your support, please follow and delegate Steem power to @joeparys for daily steem and steem dollar payouts!
You got a 42.13% upvote from @dailyupvotes courtesy of @steemium!
To support this service please vote for @chitty as a witness.
It might have something to do with the Khashoggi death; and POTUS' plans for sanctions.
Since the caravan 'is on the way', maybe we should buy our oil from Venezuela.
Peace.