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Depressed Oil Prices Approaching Speculation of a Lifetime

Feb 18th, 2009 | By Eric Roseman | Category: Oil Investment & Alternative Energy

From its high of $147 a barrel last July, West Texas Intermediate Crude oil prices have crashed a cumulative 74%. That ranks as one of the worst absolute declines for any asset since the onset of deflation last July as investors dump most commodities, except gold, silver and several other soft commodities.

Tags: Chinese Oil, commodities prices, Crude Oil Prices, Energy Consumption, Eric Roseman, Global Demand, Global Economy, Global Governments, IEA, Oil Consumption, Oil Futures, soft commodities, Stimulus Package, Supply Deficit
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