Oil Prices Might Fall

.

Oil Prices Might Fall

It has been recently revealed in a report that the oil industry has planned to decrease the prices of gas. This means that there can be more oil production in the time to come, on a domestic basis. There shall be no extra taxes to be borne by the refineries and this is sure to help the price of oil to come down in the near future.

This shall help the commoner in the time to come too. The analysts are however of the view that this shall mean very little support for lowering down the rates of fuel in the short term.

"We are seeing a general rebound in commodity prices after yesterday's price decline - it is not just oil that is up, base metals are up as well as market sentiment stabilizes", said Carsten Fritsch, an energy analyst at Commerzbank in Frankfurt.

There is need for further research and development to be done in the matter so that everything can be considered well by the authorities before reaching a final decision on the matter. This shall help them in making the necessary changes in policies to make them flexible and worthy for the people as well as authorities in the near future.


Latest News

Target Feels Progress Lies Ahead But Trims Its Outlook For the Year
Bank of America to Settle Matters With Close to $17 Billon
Medical Device Tax to Support Obamacare Is Not Collecting as Much Cash as was Ex
Standard Chartered to Pay$300 Mln Penalty By Order of New York Regulators
In July Construction of  New Homes Grow to Eight Month High
Shares of Apple Hit a Record High Before Its New iPhone 6 Arrives
Google: Its Growth and Stature
A Survey Says 36% of Americans Have No Savings for Post Retirement Years
Former Co -owners and Two Employees of Rancho Feeding Corp. Charged with Felonie
Audit Report Says Illinois Overdrew Money From Federal Medicaid
Slack in Demands Slide the Price of Homes in China
Data breach in Jewel-Osco Stores Discovered