Oil Prices - Decline Turned Into Collapse? |
| December 05, 2014 | December 2014 Bond Updates |
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Public investment markets are inherently volatile. Oil prices have been declining since June 7th when West Texas Intermediate was selling at $107 per barrel. Today, the same barrel of oil is selling at $66, reflecting an over-supply of oil on the world market, which has driven oil prices lower. Last Thursday, OPEC decided not to cut production, confounding expectations of a production cut. Oil prices declined by 10% following the decision. |
| View more at: http://www.forbes.com/sites/billgreiner/2014/12/04/oil-prices-decline-turned-into-collapse/ |
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