TSXV:CEX - Post Discussion
Post by
Valueinvestor9 on Aug 21, 2015 5:29pm
Oil falls to a low of $39.86.
NEW YORK, N.Y. - A barrel of U.S. crude oil fell below $40 per barrel for the first time since the end of the global economic crisis.
Friday's fall, to $39.86, was just the latest indicator of a vast shift in the energy landscape over the past year. U.S. Oil bounced back a bit to close down 87 cents at $40.45, the lowest close since March 3, 2009.
The price of oil has fallen for eight consecutive weeks, the longest streak since 1986. Oil is down 34 per cent from its high of $61.43 this year, and 62 per cent from its high of $107.26 last year.
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