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-   -   Falling oil prices (https://www.pprune.org/australia-new-zealand-pacific/200376-falling-oil-prices.html)

priapism 30th Nov 2005 00:09

Falling oil prices
 
I heard this morning that the price of oil has dropped again by about a dollar a barrel last night . It is now at a 4 month low and heading downwards.

I guess all the SLF like myself can now look forward to a corresponding drop in the fuel surcharge .!

Not holding my breath though.

Tom Sawyer 30th Nov 2005 01:26

Virgin Atlantic have already dropped theirs, about 10 days ago I think.

Uncommon Sense 30th Nov 2005 01:42

Personally I think it will be short lived - there is nothing to show that the long term capacity / availability and demand ratio can keep the price down. It is a simple futures market after all, despite some manipulation.

But the fundamentals still say oil is far to cheap - IMHO.


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