August 1, 2016

...AND RICHER...:

Here we go again: Oil plunges back below $40 (Matt Egan, August 1, 2016, CNN MONEY)

It's the latest setback for oil bulls who thought crude was on a straight shot back to $60 and higher following the crash that began in late 2014. The price had peaked at $107 in June 2014.

The recent selling has been driven by a realization that the epic oil glut remains largely intact -- and some U.S. oil companies may make it worse by starting to drill more.

Posted by at August 1, 2016 3:47 PM

  

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