When Will Year on Year Crude Oil Turn Negative?
When will year on year crude oil turn negative, and what will this mean for inflation? An interesting question this one. Last Friday NYMEX West Texas Intermediate Crude Oil for October delivery closed at $101.18 per barrel. Light, sweet crude for November delivery fell $4.87, or 4.82 percent today, to settle at $96.38 a barrel on the New York Mercantile Exchange, after earlier dropping to

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Published 3 months ago
By Edward Hugh
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