Thursday, April 21, 2011

Oil Price Battle of The Big Banks: Goldman v. BofA and Barclays

By Dian L. Chu, EconMatters

Continuing its downward shift from the week before, crude oil fell sharply on Monday, April 18 after S&P lowered its U.S. credit outlook to negative, and OPEC said high crude prices could pressure global economy. ICE Brent crude for June fell $1.84 to settle at $121.61 a barrels, while WTI (West Texas Intermediate) for May delivery also fell $2.54 to settle at $107.12 on NYMEX. 
Read More: http://www.econmatters.com/2011/04/oil-price-battle-of-big-banks-goldman-v.html

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