Well finally we have some good news on the oil front. Rather than a one day drop, quickly followed by crude prices resuming their upward march, we saw, prior to Russia-Georgia’s saga, a steady downturn over the last week, coupled with a strengthening dollar.

What probably isn’t good news is why the price of crude was dropping. Demand went down, thanks to both high prices at the pump and a steady economic slowdown. While no one is going to complain about shelling out less at the pump, a cooling US economy is not good news.


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