How come oil is down 2 bucks a barrel today?

[Bigmack]

I guess all that shit about the Iran bourse, peak oil, and unrest in the Mideast is no big thing.

[MADem]

1. The BushCo clowns did a little profit taking, I reckon n/t

[Viva_La_Revolution]

2. Iran agreed to talk about something...

Not the nuclear stuff. Price started dropping Saturday, I think. Everybody had been a little freaked by the standoff.

[radfringe]

3. operation "smarmy" was a bust

didn't create the "momentum" to boost bush*'s numbers

[Eugene]

4. $62.40 per barrel isn't exactly cheap.

An attack on a pipeline in Nigeria along with the recent troubles in Iraq
caused prices to spike. Reduced demand and higher inventories are now
bringing the prices back down.

One year ago, prices $60 per barrell and higher seemed far fetched.

[Jayhawk Lib]

5. Nothing to get excited about.

It is a market. Markets go up and they come down. Just like stocks on the stock market.