Oil Prices Decline Then Recover During Christmas Week

Oil Prices Decline Then Recover During Christmas Week

EisnerAmper

Crude oil prices dropped $3 in early trading during the shortened Christmas holiday week, but gained all that was lost on Wednesday to settle at $46.22 on NYMEX and $55.19 for Brent. Concern about declining economic activity worldwide has many economists worried about softening demand for energy. Even though OPEC…

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Alex Mills is the former President of the Texas Alliance of Energy Producers. The Alliance is the largest state oil and gas associations in the nation with more than 3,000 members in 305 cities and 28 states.

 

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