The big story in the commodities sector this year is oil - specifically, how its price has plummeted. Since June of 2014, the price of a barrel of oil has been roughly cut in half. The biggest reason? Surging supply from Saudi Arabia, the United States, and even Russia.
Prices tried to rally several times throughout 2015, but it'll likely be years before oil returns to $90 or $100 per barrel.
So today, we're looking back at our top five articles chronicling the fall of oil prices.
Insider News Reveals Second Oil Crash Coming
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Demand is dropping, storage is near capacity, and there's no sign of slowing production. Another oil crash is possible...
Oil Barons Say Prices Will Stay Low
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The oil sector is starting to relax as prices move up. But the oil majors are preparing for low prices, yet again.
Iran Nuclear Deal Equals Lower Oil Prices
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Obama's deal to limit Iran's nuclear capabilities and lift economic sanctions will flood energy markets and drive oil prices down.
U.S. Shale Oil Drillers Committing Seppuku
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Shale oil companies are following the same manic strategy as iron ore firms: Produce as much as you can and hope for the best.
Oil Glut Grows: 100 Million Barrels at Sea
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The oil glut grows, with 100 million barrels floating at sea. Now Iranian production is ready to enter the equation.
Good investing,
David Dittman
Editorial Director, Wall Street Daily
Poster Comment:
$30 bbl oil in the cards? The U.S. economy will crash just like the Saudis has. Only we have much higher debt.