Positive News: Commodity & Energy Prices Falling
October 8th, 2008 | POSTED BY ROB
It’s not easy to find any positives in the economy at the moment, so we’ll grab hold of any good news we can find.
Amongst today’s big losers on the FTSE 100 were mining companies. The reason? Fears of global recession meaning that demand for their product will decline as countries go into recession.
Oil also fell to as low as $86 a barrel, which is the lowest it has been for a year.
So where’s the good news? Well, dropping energy and commodity prices may mean lower household bills for us, if the savings find their way to the utility companies. But I wouldn’t hold my breath.