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JLS

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Alias Born 12/14/2004

JLS

Re: lexus400001 post# 1634

Friday, 08/11/2017 12:26:56 AM

Friday, August 11, 2017 12:26:56 AM

Post# of 3372
Because of the season.

It's common for oil prices to go down this time of year as vacation season ends and children prepare to go back to school. Less travel = less fuel burned.

OPEC oil output also just hit a 2017 high, so that would also cause oil prices to decline.

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OPEC itself is the only oil con game going on. An organization like that in this country would violate both antitrust and price-fixing laws.

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OPEC's oil output hits a 2017 high, another setback for its deal to pump less.

OPEC's oil output rises to the highest level since December [2016], the month before the cartel started cutting output.

A production recovery in Libya and Nigeria drives the gains last month.

http://tinyurl.com/ya4d2grn

https://www.quandl.com/collections/markets/crude-oil

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