Factors of Falling Oil Prices

KPBS | By KPBS Public Broadcasting

Published August 20, 2008 at 5:36 AM PDT

This story was published more than 15 years ago.

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Crude oil prices have dropped more than $30 per barrel since hitting a record high last month. Is this a sign of good things to come or should we brace ourselves more increases down the road? Phil Fl

Factors of Falling Oil Prices

Crude oil prices have dropped more than $30 per barrel since hitting a record high last month. Is this a sign of good things to come or should we brace ourselves more increases down the road?

We're joined on Morning Edition by Phil Flynn, a Senior Market Analyst at Alaron Trading in Chicago and also a Fox Business News contributor.