IPFS News Link • Economy - International
Crude oil collapses to a stunning new low
• Business InsiderAlong with almost all other assets, crude-oil prices are collapsing...
...WTI prices are down about 60% against a year ago, and after finding some stability earlier this year, oil prices have been rolling over again.
Crude oil has been getting hammered along with the entire commodity complex, but crude is also battling oversupply from the continued pumping of OPEC members such as Saudi Arabia and from the fracking that has production in the US near multidecade highs.
Here's the latest leg lower in WTI.