In response to:

Oil holds near 2012 low

williboy Wrote: May 26, 2012 6:45 PM
Well, I guess we have to give the President credit. If the rise in price was his fault, then the decline is his responsibility, too. Unless I'm missing something. My fellow Republica's wouldn't bull me would they?

The price of oil held near the lowest levels of the year on a quiet Friday ahead of the holiday weekend.

Benchmark U.S. crude on Friday added 20 cents to finish the week at $90.86 per barrel in New York while Brent crude rose by 28 cents to end at $106.83 per barrel in London.

Both crude varieties have tumbled this month on forecasts of weaker world demand and higher supplies. U.S. crude closed Wednesday at $89.90, its lowest close since October.

Prices fell in May as the economies of the two biggest oil consumers _ the U.S. and China _ showed signs of...

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