usairways_vote_NO
Veteran
- Sep 9, 2002
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STORY
Do oil prices factor into cuts?
Crude oil futures nose-dived for a second day in a row Thursday, briefly dipping below $43 a barrel, as traders focused on rising fuel supplies and the lack of cold weather. The two-day drop of more than $5 a barrel picked up momentum from technical and speculative trading and revealed a psychological shift in the market.
Do oil prices factor into cuts?
Crude oil futures nose-dived for a second day in a row Thursday, briefly dipping below $43 a barrel, as traders focused on rising fuel supplies and the lack of cold weather. The two-day drop of more than $5 a barrel picked up momentum from technical and speculative trading and revealed a psychological shift in the market.
