Oil is down today: weak demand has completely outweighed the Georgian conflict.

Oil prices are expected to extend a rally, however, due to weak US stockpiles.

A weakened dollar is also creating fluctuating oil prices.

There are some pretty heavy deals in the works between Turkey and Iran.

Finally we have a chart of crude oil prices from 1861 to the present day.

This entry was posted on Thursday, August 14th, 2008 at 1:44 pm and is filed under Daily News Post. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.