BREAKING ECONOMIC NEWS

February 26, 2010 at 9:58 pm Leave a comment

In light today’s increase in oil prices following the events in Iran and Israel, Saudi Arabia, on behalf of the Organization of Petroleum Exporting Countries or OPEC, has announced that it will begin to increase oil production in order to try to stabilize markets and decrease oil prices, hopefully as low as $70 a barrel. The Dow Jones Industrial Average ended the day down 686 points and oil prices peaked at $104, but since the announcement by OPEC have since decreased to $101.

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Hezzbollah shows solidarity with Iran, strikes at Zionist BREAKING NEWS

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