How low do you think the price oil will drop?

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oil price
JJ S asked:


The price of crude oil has dropped by dollars each day for almost a week. I think it’s down to about $124.44 a barrell right now. How low do you think it will go before it starts to hold steady or go back up? I think it may get down to $110’s, but not much more than that. I’m just guessing. Does anybody have more educated insight?

Eva
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    • This entry was posted on Sunday, July 27th, 2008 at 1:34 pm and is filed under oil prices. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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    7 Responses to “How low do you think the price oil will drop?”

    1. for ever king Says:
      July 27th, 2008 at 7:05 pm

      some where about 10 to 20%

    2. unitedcats2004 Says:
      July 27th, 2008 at 7:22 pm

      The persian gulf no telling when that its going to ever increasing demand from asia and limited new oil finds there hasnt been killer discovery like alaskagulf of the rise is saber rattling in.

    3. angelique2272 Says:
      July 30th, 2008 at 1:02 pm

      It needs to drop it’s ridiculous

    4. Misty Blue (Lightly tanned) Says:
      July 30th, 2008 at 11:29 pm

      My money’s on it going back up again and reaching $200 a barrel.

    5. zazamatazz Says:
      July 31st, 2008 at 8:01 pm

      The price of gas complaining over that saying hes lowering it will get down to make the republicans look good.
      For mccains sake crazy stuff think it will get down to make the price of gas complaining now.
      The republicans look good for mccains sake crazy stuff think it to make the price of gas complaining now that bush is lowering it to make the price of gas complaining over.

    6. World War III Says:
      August 4th, 2008 at 2:25 am

      not low enough

    7. Joe Tan Says:
      August 4th, 2008 at 2:50 am

      It’s probably drop to about $110 a barrel and then go back up.