Tuesday, August 11, 2015

Lowest Oil Prices in a Decade?

A pullback in industrial demand for oil in China has led to falling oil prices worldwide, and now OPEC has decided not to cut production in response to declining demand. The result could be the lowest oil prices in a decade, some analysts believe. Prices fell near $43 today and could fall another 10 percent or more if demand remains soft. Analysis from Patti Domm at CNBC:

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