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Bets on oil below 40 a barrel by mid-july
That's in part because newer technologies and cheaper expenses have made it profitable to produce even at lower prices.
Oil prices fell for the sixth consecutive trading session to jot the weakest price since June 9 with Crude oil dropping below the 73 a barrel in New York.
The June job report, poker superstars season 3 not on entirely unexpected lines, was grim with just 83,000 new private sector jobs added.The oil extraction, already in process, will continue in Alberta, despite the present prices.Why is demand so important?The cartel, led by Saudi Arabia, has refused to dial back and continues to pump out a record amount of jocuri poker ca la aparate 77777 gratis oil.The energy sector of the.There seems to be a melange of reasons at play for the price drop.The G-20 leaders have agreed, more or less, to deficit -reduction targets.In such cases, the supply will be lower than demand which then increases the oil prices.Developed economies in Europe and Asia are barely growing and emerging markets in Latin America are stumbling.CHK Transocean rIG ) and Marathon Oi mRO )l are down more than 50 a piece in the last 12 months.The volatility smile is used to describe the phenomenon that, as you look at options whose strike price is farther and farther away from June 2006 futures price itself, the implied volatility gets a little higher.John, murphy sees a 70-80 chance oil will go to 70 a barrel (hat tip: free doubleu casino slots Land of Black, gold ).