9 years ago
3
U.S. Oil Prices Hit Fresh Six-Year Low, Dropping Below $40 a Barrel
The price of oil in the U.S. tumbled below $40 a barrel Friday for the first time since 2009 amid a growing consensus that cheap oil is here to stay.
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http://www.wsj.com
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paywall for me.
anywho, I still don't get how low oil prices mean Shell has really good profits for this year.
Added a differrent link you guys can read
Here's a Google search, the top result of which will be a working link to the WSJ story.
Sorry about the paywall. The official reason is this one. The real reason is greed. Prices have fallen very fast, most of the public doesn't know the commodity price of oil. Expect drops in the next couple of weeks.