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Wall Street will crash on Monday! « Peter J. Cooper’s Weblog

by arabianmoney | June 6, 2008 at 09:05 pm | 510 views | 3 comments

Last Friday Wall Street suffered its worst losses in more than two months after crude oil prices spiked over $138, an increase of nearly $11, and the unemployment rate rose more than expected to 5.5 per cent. The Dow fell by 3.2 per cent or 394.64 points. Expect a bigger fall on Monday.

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René

at 10:54 on June 7th, 2008

Prices keep rising despite a lack of shortages in the market, and strong evidence of lower consumption in industrialized countries.

This is oil Futures,, not the actual prices.
Speculators. Iran imports more gas than it exports oil, and Iraqi oil has yet to make it out of their country. Get real.