Wednesday, September 06, 2006

Oil Slumps to May Lows

This really about sums it up:

"We're not hyperventilating over Nigeria, Israel or Iran. We've run out of adrenaline and what we're left with are inventories that are higher than a year ago and a hurricane season that has been more fizzle than sizzle." said Tim Evans of Citigroup Global Markets.

Yep. Oil is down to below $67 a barrel.