Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
Editorials & Other Articles
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
http://www.businessinsider.com/oil-has-been-getting-crushed-2014-9
Oil is down another 1% in early going this week.
But the big story is that for the last three months, oil has been getting clobbered (and crucially at a time of heightened geopolitical stress).
One worry is that the decline in crude represents a flagging global economy, a possibility given the stagnation in Europe, and weakness in China.
And in fact, China reported particularly weak data this weekend, which is also bringing down the Australian and New Zealand dollars.
Read more: http://www.businessinsider.com/oil-has-been-getting-crushed-2014-9#ixzz3DNLmmNqg
Oil is down another 1% in early going this week.
But the big story is that for the last three months, oil has been getting clobbered (and crucially at a time of heightened geopolitical stress).
One worry is that the decline in crude represents a flagging global economy, a possibility given the stagnation in Europe, and weakness in China.
And in fact, China reported particularly weak data this weekend, which is also bringing down the Australian and New Zealand dollars.
Read more: http://www.businessinsider.com/oil-has-been-getting-crushed-2014-9#ixzz3DNLmmNqg
Edit history
Please sign in to view edit histories.
Recommendations
0 members have recommended this reply (displayed in chronological order):
51 replies
= new reply since forum marked as read
= new reply since forum marked as read