Price of Oil drops 27% in one day! Oil now at 30.07/bbl
submitted 4 years ago by magnora7 from (finance.yahoo.com)
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[–]magnora7[S] 4 insightful - 2 fun4 insightful - 1 fun5 insightful - 1 fun5 insightful - 2 fun - 4 years ago (0 children)
This is probably partly due to overproduction throughout 2019 which drove down prices and drove up stockpiles. https://ycharts.com/indicators/world_crude_oil_production
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[–]magnora7[S] 4 insightful - 2 fun4 insightful - 1 fun5 insightful - 1 fun5 insightful - 2 fun - (0 children)