Current Events Summary Article Example | Topics and Well Written Essays - 250 words

Current Events Summary - Article ExampleThe API reported a fall in gasoline and distillates supplies.In the weekly supply data reports of the Energy Information political science of the Energy Department, some analysts predict that record ill-mannered inventories will weigh on oil prices, as low demand persists in developed countries. In the fourth quarter, National Australia Bank (NAB) lowered its crude prices forecast from 84 dollars a put to an average of 82 dollars. The bank reports that world oil employment remains robust, even as egression in the demand in crude oil continues to go on in many developed economies, a situation that has continuously created abundant global supply of oil, oddly in countries where economic activity is still most languid.In another Nymex trading in contracts for October 2010, at 2.121 dollars, heating oil was down 0.76 cent a gallon while gasoline dropped 0.97 cents to 1.959 dollars a gallon. For any 1,000 cubic feet, natural gas dropped 1.4 cents to 3.952 dollars. Additionally, on the ICE Futures exchange, Brent crude dropped 43 cents to 78.84 dollars a barrel in London.The author of this article demonstrates a wavering of oil prices in a relatively foul range. I concur with him that world oil production remains robust despite the fact that growth in the demand for crude oil continues to languish in many developed economies. The article therefore accounts for the constant surplus in oil supply globally. In my view, Kennedy has succeeded in making explicit the factors goat the fall in oil