In just 15 trading days, oil prices have managed to plunge another 20%, after a fall of 29% in 2015 and 44% in 2014. While markets took these drops in stride in the past few years, something seems different about the volatile plunge so far in 2016. Why are oil prices so low? And why are the world’s asset markets…
Oil prices have been under pressure, and it’s all about supply. The world is experiencing a glut of oil production, with no likely slowdown until the end of 2016. The market rout looks to continue well into the first quarter of next year, with price per barrel heading into the $20s, as oil producers keep pumping and large regions of…
Driving into the gas station this morning, I was thrilled to see I could fill up my car with top-grade gasoline for under $3.00 a gallon (and yes, that is much higher than the U.S. average since I have the fortune to pay Connecticut taxes). With today's news from OPEC, it looks like I can enjoy "cheap" gas for months…
