Oil Price Drops, Stocks Make Gains

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M30o93H7pQ09L8X1t49cHY01Z5j4TT91fGfr Oil Price Drops, Stocks Make Gains
Published: Thu, April 24, 2008 - 10:26 pm
Last Updated: Thu, April 24, 2008 - 10:31 pm
Financial stocks helped to lead the stock market
higher. The Dow gained more than 85 points to 12,848. The S&P rose
8 points, while the Nasdaq surged 23 and three-quarters points.

As the dollar strengthened against the euro,
crude edged lower. Light, sweet crude for June delivery fell $2.24
to settle at $116.06 a barrel on the New York Mercantile Exchange.

Here's a possible sign that credit conditions
may be improving a bit. The Federal Reserve says big investment
firms averaged 22.6 billion dollars in daily borrowing over the
past week. That marks the third straight week where the firms
borrowed less from the central bank.

well i am thankful for the weekend because they cant do anything until monday on the stock market but trust me monday it will be a different excuse to raise the cost of oil i was just wondering exactly how far away is iran from dauphin island where the gulf is full of oil rigs lol go figure

Posted by rosepetal on 04/25/08 - 4:03 pm • Report Abuse   

I know since this morning the price of crude oil has gone up.  They say because of an incident with some fast boats off the coast of Iran.  And the whole nuke thing with Syria.

Posted by asda on 04/25/08 - 3:55 pm • Report Abuse   

lol check the stock market today no one is going to drop some gas stations are getting it stuck to them as much as the consumer plus the banks are really limiting credit right now no way is anyone in their right mind going to drop their price i dont want to sell gas its to expensive

Posted by rosepetal on 04/25/08 - 2:05 pm • Report Abuse   

I think the Oil Companies need to be regulated just the way the power companies are.

Posted by asda on 04/25/08 - 12:38 pm • Report Abuse   

I agree with you asda, WHEN WILL THEY DROP THE GAS PRICES SINCE THE OIL PRICES HAVE DROPPED????? This is getting ridiculas almost $4 for a gallon of gas, so if they aren’t going to drop the gas prices when are they going to start having our employers pay more so we can AFFORD to go to work everyday???

Posted by mrs.plato on 04/25/08 - 12:28 pm • Report Abuse   

So when are the prices at the pump going to drop?  They are quick to raise the price but never lower the price.  What other industry can do this other than Oil Companies?

Posted by asda on 04/25/08 - 9:40 am • Report Abuse   

Oil price drops???

Posted by SumOneILove on 04/25/08 - 9:02 am • Report Abuse   



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