Even with a tropical storm closing in on gulf refineries oil still fell over $5 at one point today. The storm coupled with tensions in Iran would normally make for expensive oil but supplies are rising. Rising supplies and predictions of oil falling below $100 makes for pressure on prices.
To view a related article, please click here:
http://www.forbes.com/feeds/ap/2008/08/04/ap5286604.html
Jim Sutliff