City Guide
Answers
Login
Home
/
Community
/
Forums
/ Post a Reply
Post a Reply
Thread: Low oil prices cause problems?
Title:
(100 characters at most)
Content: ( 3,000 characters at most, please )
You can add emoticons below to your post by clicking them.
[quote=BBQQ,330866]It is said that the oil prices have fallen to about 70 dollars per barrel, 52.6 percent drop. Good news, right? At least, you can save some money from the soaring oil prices. But some people don't think so. They think that the low oil prices may cause some problems. According to what they said, the low oil prices have caused some trouble to the hedge funds, which finally spilled over into forced sales of equities. Those companies intended to make profits from the surging oil prices will suffer from the low oil prices. Meantime, the OPEC is said to have a meeting next week to discuss about cutting the oil production due to the low oil prices. They might cut the output by almost 1 million barrels a day. Will the low prices really cause some problems? I just thought that it was good for us ordinary people because we needn't pay for the high oil prices now.[/quote]
characters left
Name:
Get a new code