Chart of the Day
Due in part to increasing tensions with Iran, crude oil prices have been rising. For some perspective on the globe's crude oil supply, today's chart focuses on the big five oil producers. Of the big five, Russia and Saudi Arabia have significantly increased production as of late. However, it is worth noting the continuing decrease in US oil production as well as ongoing geopolitical tensions (i.e. Iran, Iraq, Nigeria, etc.), does leave open the possibility of supply disruptions in an already tight oil market. Stay tuned...
- Which way is oil headed and how will oil impact the stock market? Find out with the exclusive charts and indicators of Chart of the Day Plus.
- Soviet Union oil production was used for Russia from 1960-1991.
Source - EIA
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Quote of the Day
"The release of atomic energy has not created a new problem. It has merely made more urgent the necessity of solving an existing one." - Albert Einstein
Events of the Day
January 29, 2006 - Chinese New Year
January 31, 2006 - US Congress convenes
February 02, 2006 - Groundhog Day
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