During the severe economic-recession and even economic-depression, the towering oil & gasoline prices fell by the final announcement under extreme pressure upon the regime of the US, oil reached at $122 per barrel.

During the midday in Europe, light, sugary oil for September supply was dropped by 51 cents to$121.68 per barrel in electronic transaction on the New York Mercantile Exchange.

The concord was declined by $2.54 to $122.19 per barrel on Tuesday.

In London, September Brent crude was decreased by 42 cents to settle at $122.29 a barrel on the ICE Futures exchange.

…read the rest of this entry»

It is seeing quite ominous that Asian economic growth going downwards and showing the signs of economic depression just due to high oil and gasoline prices as oil reached at $143 per barrel.

The Chinese manufactures estimated that inflationary cycle could go prolong for a period of four years and so and it might white-wash the entire Asia.

Meanwhile, Hong Kong brokerage CLSA Asia-Pacific Markets showed that The CLSA Purchasing Manufacturer’s index fell to 53.3 in June from 54.7 in May.

…read the rest of this entry»

Declining-economy

One of the realistic aspects of the modern day economy is the mounting inflationary rate and economic recession which is leading the world into depression as millions of people in the World are severely protesting against the regime of the United States why the prices of oil and gasoline are increasing and causing an ample influence on the overall economic-structure of the U.S.  This is all just because high oil and gasoline prices are also approved by the economists of the European countries.

Historic oil increase agonizing truckers

As the oil prices reached at $140 per barrel, the truckers get agitated and fell-down in a desperate way where they couldn’t do any thing special regarding the feasibility of their transportability just due to the consequences of highly-profiling inflationary cycles.

…read the rest of this entry»

After rising oil prices and persisting worries about the financial sector, stocks slowed down on Monday.

The reason behind rising price was the disappointment that Saudi Arabia was not increasing oil production more than 200,000 barrels a day. On the New York Mercantile Exchange, light, sweet crude oil settled at $ 136.74 per barrel with the increase of $1.38.

There was a rise in energy companies but airlines and financials are the sectors that recoded massive losses.

Now investors are focusing on the price of oil and two-day’s federal meeting that will held on Wednesday. Many investors are expecting central bank to continue its main federal funds rate on hold.

…read the rest of this entry»

The analysts gave the prediction that oil prices might cruise of about $200 per barrel within next 18 months. This led towards a major worry to the people of the U.S.

As the oil prices reached at $139.54 during the last two weeks in the United States, the agitation and angriness of the people could observed by seeing their faces and mouth of callings upon the regime of the United States to keep control on the high oil price and mounting inflationary rates of any of the commodities for the human survival.

The impact of economic recession is not only moving on in the United States and European countries but also in the Asian regions. The most effected and inflationary countries of the Asia these days are India, Indonesia, Bangladesh, Pakistan, Sri Lanka and Afghanistan, etc.

…read the rest of this entry»

Last week, the oil prices reached above than $139 that led millions of the American towards anger, agitation and slogans against the regime of the U.S. In this regard, the president Bush announced that high oil price is the concerning issue but not tough to combat with high oil prices and inflation.

The United States is suffering from inflation for the first time. It has already suffered from a huge loss during the recession era of 1930s where high crude oil prices demolished not only the U.S but also the entire world.

Today, millions of people are heavily suffering from societal, economical and cultural depressions and it is occurring due to widespread inflationary trend all around the world. The majority of the people are involved in hypertension, blood pressure, diabetes, depression and manic disorders due to high commodity prices and events of natural disasters and famines.

…read the rest of this entry»