The Read: ; Oil Drops Most Ever in a Week; 'Too Early to Say' If Record Prices Will Come Back

Charleston Gazette (July 19, 2008)

Author: Adam Schreck
Permanent Link: http://vlex.com/vid/read-oil-drops-ever-too-prices-come-64396972
Id. vLex: VLEX-64396972

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Summary:

NEW YORK - The price of oil recorded its biggest weekly drop ever, and a gallon of gas finally pulled back from its record high. So is it time to declare the energy bubble popped?

Experts won't go that far just yet.

Extract:

The Read: ; Oil Drops Most Ever in a Week; 'Too Early to Say' If Record Prices Will Come Back

"It's too early to say we've seen the worst of it," said Tom Kloza, publisher and chief oil analyst of the Oil Price Information Service in Wall, N.J. "We would be P...



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