Oil Prices Plunge As Storm Clouds Gather Over Global Economy

in #oil6 years ago

The price of oil is dropping. We are now at levels not seen since April of this year.

A drop in price is due to a fall in demand as the global economy weakens. This is coninciding with a rising in output from OPEC, Russia, and the United States.

Rising output and falling demand will cause prices to pull back like they did on Thursday when they fell 3%. The losses were continued into Friday.

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