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Forums - General Discussion - Oil reaches $140US per barrel and DJ down 350 points in one day

Looks like the increased prices of fuel is having a big adverse impact upon the stock market in the US and all global economies. Imagine Iran ceases supply of oil? Oil reaches $400US per barrel. Economies would crash worldwide.

Analysts have forecasted oil supplies will be over $200US per barrel in three months time. Expect to pay more for fuel , food and clothing. Growing worldwide demand for oil, blame India and China. Hard times are ahead.

^Discuss. Give your views on this terrible issue.



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Holy Crap.



$400 oil would be absolutely terrible. Nobody could afford to pay that, supermarkets would be bare within days.



Uh did you miss the day it jumped 8 dollars and the stock market closed well over -400? The day was bad granted, but we've had far worse already.