Oil price down by US$5!
Oil price took a knock and ended at US$136, a $5 fall. We must demand that petrol prices be cut immediately by at least 10c a litre. The petrol companies have been very prompt in raising their pump prices. It is time that they be equally prompt to cut their prices. If not, CASE better step in immediately, not to ask questions, but to insist on an immediate cut. With Iran willing to talk on its nuclear programme, the pressure for oil price to go up is lesser as the mad men in White House have lesser reasons to attack Iran. And speculators are going to run for cover.