Price of Oil Drops Below $50 Per Barrel
For the last 4 years oil prices had been fairly stable, moving between $100 and $125 a barrel. Since then oil has tumbled more than 50%, dipping under $50 a barrel for the first time since 2009. See the steep …
Oil Be Damned: Price Per Barrel Has Further to Fall
Markets are shell-shocked as oil prices continue to drop due to a combination of oversupply and sluggish demand.
No one is really sure where oil is headed, and analysts are rushing to build a consensus.