Decline in US crude Oil price due to increase of Iraqi Oil production

[WISKY291]

Tuesday, 24 September 2013 21:46 | | |

(AIN) –The price of the futures of the American crude Oil witnessed a decline during the Asian trading session of Tuesday and in three sessions after the recent increase in Iraqi crude Oil production.

The Iraqi Ministry of Oil increased its Oil production in the southern Oil fields after fixing a leak in an Oil pipeline, though the maintenance is still limiting the Iraqi Oil exports.

The Minister of Oil, Abdul Karim Laibi has previously announced that Iraq is currently exporting about ((2,5) million of crude Oil barrels daily. \END\

http://alliraqnews.com/en/index.php?option=com_content&view=article&id=41730:decline-in-us-crude-oil-price-due-to-increase-in-iraqi-oil-production&catid=40:2011-11-19-15-20-50

 

[PrettyKitty]

This should make gas go down?  GoRV

[unirod]

Saw an interview msnbc a few days ago about the fuel surplus in the USA. We even export gasoline by several MBPD. Going into winter we should hope this will help our energy costs. But it probably won't..

[DanielM]

This should make gas go down?  GoRV

Last couple of weeks gas has dropped 30 cents here in east texas!

[Gunshow2425]

Enjoying 3.49 for gas right now in Long Island, NY.

 

I remember when $2 used to be high.

[WISKY291]

I just paid $4.10 a gal,   here in Calif.

[FlintNPebbles]

It has dropped to 3.32 here in a suburb of Chicago   Never thought that amount would be a reason for a smiley face!

[gymrat76541]

I wish Iraq would undercut all the Middle Eastern countries and drop the prices around the world.

 

I bet their Dinar would be worth alot more after that! LOL

[TennesseeCherokee]

$3.02 here in Tennessee.......It has dropped .40¢/gal. here in the past 2 weeks

Edited September 25, 2013 by TennesseeCherokee

[Boozer]

I just got Gas 3.21  I remember when gas was .26 it got to 69 and we had Nixon in office and we had to wait in line 2 hr or more just to get 10 Gal of Gas.

[hammer911]

I remember that Boozer.... Is 3.24 in north Ga. A friend in South Carolina said it was 2.93 a few days ago!!!

[R2D2]

This should make gas go down?  GoRV

 

Should! lets see if it does. The maniluptors will have to ease up. You see oil is no longer a free market, and the freaking federal gobermnent knows it.