GOLD is the money of the KINGS, SILVER is the money of the GENTLEMEN, BARTER is the money of the PEASANTS, but DEBT is the money of the SLAVES!!!

Saturday, September 17, 2016

Oil Prices Drop on Growing Supply

World oil prices have plummeted on gloomy market forecasts plus worries over a global oversupply and a drop in demand. Also, fresh data showing mounting US stockpiles of crude together along with Libya's pledge to sharply boost production and exports within weeks has added to the downward pressure. On Friday in London trading, European benchmark Brent North Sea crude for November delivery slipped 8.2 cents to 45 dollars seventy seven cents per barrel from late Thursday. West Texas Intermediate for delivery in October witnessed a similar drop.

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