OIL DOWN

The price of oil headed downward again, after a recent spike due to a strike affecting production.

  Reduced demand from China has helped push prices down, as the slowdown in global trade and the euro crisis has impinged on Chinese production.

One analysis of the diminishing demand trend for oil postulated that prices could fall as low as $50 a barrel.

  It might seem enticing, but the slowdown that would accompany the drop would mean significant woes ahead. We’re still in choppy waters.

Funnily enough petrol prices have started climbing again recently - it's hard to keep track of what is happening with oil, petrol and diesel pricing.