Tuesday, May 10, 2011

The four reasons of the gas price falling

The oil price fell 15% this week, and it is the steepest decline in two and a half years, there are four reasons to explain the price falling.

1,Commodities speculators reducing positions because they have been put under pressure from declining silver and gold prices.

2, Rise in absolute inventory levels in this week's EIA Inventory Report.

3,Word from a variety of sources, including MasterCard and the EIA that gasoline demand has fallen relative to its levels of last year.

4,The killing of Osama bin Laden.

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