USA Today: Falling oil prices raise fears about economy
While most Americans are sure to celebrate oil prices hitting six-year lows, investors and those working in the oil industry were sulking Friday.
The Dow tumbled a whopping 367 points to 17,129 Friday and capped off its worst two-day slide since August, largely because oil fell below the critical $35-a-barrel threshold this week and investors are worried what that weakness may say about the global economy.
The price of U.S. benchmark crude dipped to close at $35.73 in trading in New York, the lowest in six years and a far cry from the $145-plus highs seven years ago.
Commentaries And Analysis On The Falling Price For Oil
Saudi Arabia Plans Major Economic Shake-Up Amid Oil Slump: Sources -- NBC/Reuters
Russia boosts oil sales in Asia, even as OPEC battles to win customers -- Reuters
Russia says not mulling any coordination with OPEC on oil -- Reuters
The oil glut -- The Week
Oil makes only one promise and that's volatility: Kemp -- John Kemp, Reuters
2015 Will End With Oil And Gas Markets Writhing In Pain -- Tim Daiss, Forbes
This indicator may mean more trouble for crude oil -- Stephanie Yang, CNBC
This is what will happen when U.S. oil producers start to export -- Yahoo News
OPEC Members In Jeopardy, How Long Can They Hold Out? -- OilPrice.com
Oil Prices: Is Recent History Poised to Repeat Itself? -- Motley Fool
Goldman Sachs expects oil prices to fall further as OPEC stands pat -- CNBC
Oil price crash could get even worse in 2016 -- CNN
What Past Oil Crashes Say About Today's Slump -- George L. Perry, Fortune
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