Sunday, June 15, 2008

Oil Prices

This line graph shows the changes of oil prices for 11 months in 2004.overall, there is big difference in price between the begging and the end of the year. Although there is fluctuation in oil price, the oil price was higher at the end of the year.

From January to February, the oil prices had an steady increase and reached to about $48. In March, the oil prices remain stable and didn’t change at $49. oil price reached it's peak at the begging of May and the dropped sharply and reached it's lowest price since January. Oil price had slight increase in October which recoded $50.


As you see, oil prices continued to rise although there were some unstable periods.

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