why the is the price of the crude oil falling?

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it had been so high earlier this year

2006-11-26 04:16:24 · 4 answers · asked by lyxl_2005 1 in Business & Finance ➔ Investing

The price is falling due to the fact that more has been mined and found in middle eastern countries like saudi arabia and juwait.

2006-11-26 04:24:35 · answer #1 · answered by ╦╩╔╩╦ O.J. ╔╩╦╠═ 6 · 0⤊ 0⤋

The geed of the Saudi Arabs got too much and the edifice is collapsing. Even Bush could not save them.

2006-11-26 14:46:21 · answer #2 · answered by Anonymous · 0⤊ 0⤋

Over capacity

2006-11-26 12:18:17 · answer #3 · answered by dwh12345 5 · 0⤊ 0⤋

less demand

see target $40 on stockcharts.com

2006-11-26 12:20:35 · answer #4 · answered by dinu_pawar 5 · 0⤊ 0⤋