US - Demand for heating in the US is tipped to be 30% less than normal this week

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Thursday, 4 January 2007, 23:38 GMT

Oil in biggest fall in two years

Oil prices saw their sharpest drop in two years, shedding more than $2 a barrel as mild US weather led consumers to use less petrol and heating oil.

 

US light crude oil fell $2.73 to $55.59 a barrel in New York, falling by over $5 in two days. In London meanwhile, Brent crude fell $2.85 to $55.11. The US Energy Department said stocks of distillates rose by two million barrels in the last week of 2006. The fall led oil group Opec to say it might act if prices continue dropping. Demand for heating in the US is tipped to be 30% less than normal this week, according to forecasts by the National Weather Service. http://news.bbc.co.uk/2/hi/business/6231879.stm

 

Dear List Members,

 

In December 2, 2006, the US rectified chart was in Ve/Sa/Ra/Sa, and I predicted that the winter could be very cold. That was true till December 29, at 00:03 AM GMT, when the chart changed to Ve/Sa/Ra/Me. Mercury is a combust planet and the weather became less cold.

 

Best wishes,

 

Jorge