Page 2 - Barrel Range News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Potentially in the $30 a barrel range, at a 6 year low, we haven't seen oil trade this low since fight of the financial collapse. what is this about? supply and demand, hitting record levels of supply output, saudi arabia, u.s. supply still gunning, going on strong and that demand issue, summer driving season coming to an end and china economic slowdown, oil prices have been coming down. the other talk on wall street is we could see $2 a gallon for gasoline by christmas time. already we are seeing $2.65. some parts of the country are seeing higher than that because of refinery problems. gas pr...

There that's out there because of higher demand, emerging markets doing quite well. we think if libya were to settle down, that may bring the price back down in the $95, $90 a barrel range. >> of course, we'll be hearing from the reporter, jim maceda, what we're gathering from jim webb, there's no sign of libya settling down any time soon. this could be a prolonged operation. and if that's the case, there will be continuing uncertainty in the markets. >> let me first say, andrea, traders are watching shows like this all the time. they're trying to understand how to get information from libya i...