Oil prices plunge 25 percent

Oil prices plunge 25 percent

Oil futures dropped to their lowest since 2016 after Saudi Arabia slashed its official selling price, signaling the start of a price war after OPEC talks with Russia failed to produce an agreement on production cuts. On Friday, Russia refused OPEC’s proposed production cuts to stabilize prices and OPEC responded by removing limits on its production.

Avi Khait
Avi Khait
Joseph Cribari
Joseph Cribari 3 months

good, stay slashed

Blank Stairs
Blank Stairs 3 months

Between this and Trump allowing more drilling on US soil, the economy is going to SURGE with people going on vacation and spending more with cheap gas wars.

Up
Up 3 months

GAS WARS! Sounds like a TruTV reality show.

Politicians are Hacks
Politicians are Hacks 3 months

What's interesting is we import the least amount of our oil used in the US from the Middle East. Side note, people thought we went to war in the Middle East to secure more oil. Wrong, we went to secure the price of oil.

anthony
anthony 3 months

Great for the consumer, terrible for the markets. Monday will be another bloodbath.

Jim Boi
Jim Boi 3 months

Cheap gas!!!

Brandon Huber
Brandon Huber 3 months

Keep in mind that the last 40-50 years of foreign policy has basically just been this conflict between Russia and KSA and their competition over oil markets. How many people dead in ME wars and conflict because of this is disgusting.

timohy
timohy 3 months

And the temporary slow down of EV adoption begins. Until most oil companies are bankrupt and oil prices skyrocket back up then EV adoption ends the combustion engine in 2025. better take your money out of oil stocks!

david dindu
david dindu 3 months

gas prices will rise somehow

Alfred Bobins
Alfred Bobins 3 months

that was such a great movie.

Max Bants
Max Bants 3 months

Watch as we regular people don't see a fraction of a penny of this price cut.

atlas shrugged
atlas shrugged 3 months

This book is rapidly rising on my reading list: Disunited Nations: Succeeding in a World Where No One Gets Along http://www.goodreads.com/book/show/42778728-disunited-nations

eddy yetty
eddy yetty 3 months

it's so good dad to me that we now leave oil sands like the ones in Alberta untouched. I remember when things were booming, and then the NDP took over.

IIZard
IIZard 3 months

Nice?

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