Crude oil, a vital world resource, is slowly becoming more affordable. Political turmoil in one of its member's states, and the threat of sanctions against another sent gasoline prices near a dollar a litre recently. But now that bubble has popped, followed by a sharp fall of almost 60 cents a barrel. With the fall of crude came the fall of crude, heating oil and both of their respected future contracts. Prices may be on the …
showed first 75 words of 879 total

showed last 75 words of 879 total
…heating their homes. Therefore the utility is generally high when it comes to crude oil. Sooner or later, due to this huge influx of producers coming into the market, the prices that OPEC established will slowly fall back down to the mid 30 to 40 level. When this happens, the new firms that came into this business will find that their costs outweigh their profit, and will shut down thus establishing balance in the crude oil market.