OIL SLIDE

The analysts that follow the world oil market are predicting a further slide in the cost of oil to below $80.

Opec is keeping the spigots open, thus driving down the price for a barrel of oil.

Brent crude has fallen by 23 percent this year, and was already down to $87 a barrel in early October.

The twin forces of oversupply and reduced global demand are behind the slide.

For businesses, motorists and householders the news can only be to the good. Let’s hope the lower prices continue.