December 8, 2015
THERE IS NO FLOOR:
Oil prices dive below $37 to lowest level in seven years (Matt Egan, 12/08/15, CNN MOney)
Oil fell another 2% on Tuesday and collapsed below $37 a barrel for the first time since the depths of the Great Recession in February 2009.A massive supply glut has wiped out two-thirds of oil's value after it peaked at nearly $108 a barrel in June 2014.
Posted by Orrin Judd at December 8, 2015 2:54 PM