Crude oil prices dropped two dollars today after reports that inventories are up. The Wall Street Journal has provided this graph of its history in real terms and in nominal terms. The real price is the price adjusted to the U.S. price level in January, 2007.
I dont understand why the prices for oil were so high and all of a sudden the prices dropped when the time of year where everybody drives the most,the holidays. The prices keep dropping when I would think they would rise.
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