I took this picture from the Google.com web on May 30th, 2011.
This is a picture of the mundial economy.
I took the news from de The Washington Post web on May 30th, 2011.
PIECE OF NEWS SUMMARY:
Benchmark oil for July delivery was down 6 cents to $100.53 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. The benchmark contract added 36 cents to settle at $100.59 on Friday.
In London, Brent crude for July delivery was down 16 cents to $114.87 a barrel on the ICE Futures exchange.
Before the uprising against Moammar Gadhafi’s regime, Libya produced about 1.6 million barrels per day, but output has ground to a halt during the revolt that began Feb. 15.
Some analysts expect the eventual return of Libyan crude production will help push oil prices lower. Capital Economics said it sees Brent trading below $90 by the end of 2011 as political upheaval in the Middle East and North Africa, which it estimates has added about $20 to the price of crude, eases.
Oil has dropped from a 30-month high near $115 a barrel on May 2.
In other Nymex trading in June contracts, heating oil fell 0.5 cent to $2.99 a gallon and gasoline was steady at $3.09 a gallon. Natural gas futures rose 2.5 cents to $4.54 per 1,000 cubic feet.
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