Japan quake drives oil prices down below $100

It’s an ill wind, we suppose, that blows nobody any good. But still, it’s surprising to see in the Houston Business Journal that oil prices declined on news of the huge earthquake in Japan.

The analysts know that the price can bounce back up again given the problems in Northern Africa and the Middle East, but having Japan, the “third-largest oil consumer” in the world, suffer a shock is enough to change the market for today.

What a fragile economy we live in!


About InvestingforOne

I've been investing in various assets by myself using a discount broker for many years. Over that time, I've developed some theories that others might find useful. Plus, there is more to investing than money. Time, talent, work, friends, family all go into developing a good and satisfactory strategy.
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