Bill Maher once said that [View all]
Obama will fuck you up!
Well lookie lookie!
http://money.cnn.com/2012/05/30/investing/oil_prices/
<snip>
The price of oil dropped below $88 a barrel Wednesday, hitting a seven-month low, as fiscal worries in Europe sparked a broad sell-off across markets.
In New York, oil prices finished at $87.49 a barrel, down $2.94, or 3.2%, from Tuesday. It was the lowest closing price for crude since Oct. 21.
Spain was the main culprit Wednesday, with the European Central Bank saying that even if it had been consulted about Bankia's recapitalization plan, the ECB and eurozone central banks could not assist. Bankia, Spain's fourth-largest bank, requested €19 billion in aid last Friday.
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O notice that BlindNN is not mentioning the increase in stockpiling by 9 million barrels, the largest weekly increase in more than three years or the reduction in tension with Iran.
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