Oil slides below $30; down 19% this year alone

“The fundamental situation for oil markets is much worse than previously thought,” Barclays

oil-rigs

1/12/16 – Oil plummeted below $30 a barrel on Tuesday for the first time since December 2003. The latest wave of selling leaves crude oil down 19% this year alone. It represents an incredible 72% plunge from crude oil’s June 2014 peak of almost $108.  Continue reading “Oil slides below $30; down 19% this year alone”