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Crude Oil to hit $200 (those were the days)

Posted By Overseas Property Mall On February 18, 2009 @ 7:49 am In Middle Eastern Property,Trends | No Comments

I stumbled on this video this morning – it was produced back in May 2008 (less than a year ago), the height of the global economic boom when the price of crude oil hit $135. Today, due to falling demand and the state of the global economy, the price of a barrel of oil is about $35 [1].

 

Oil-prices-February-2008-February-2009


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[1] price of a barrel of oil is about $35: http://www.wtrg.com/daily/crudeoilprice.html