Tuesday, May 13, 2008

Oil Price


This graph shows the changes in the prices of oil from Jan to November 2004. Overall, the price fluctuated but overall it increased.

In January the price of oil was $ 35 and it rose to almost $ 46 in March. After that, the price of oil remained steady for month. In April the price was going up and then fall down to $ 50. Later on the price dumped dramatically and reached the lowest price at $ 29 then the price bounce back in July and increased until August. After that the price started to fall again and hit the January price which was $ 35. Finally, the price was dramatically increased until November.

In conclusion, the price of oil fluctuated but it increased at the end of year.

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