US Benchmark Sinks Below $60 for 1st Time Since July 2009!

[youtube=https://www.youtube.com/watch?v=jsOQZpBS5vU]

• Published on Dec 11, 2014
  Oil prices drop even lower: The US benchmark crude has slid below sixty dollars a barrel for the first time since July 2009. Prices held up for most of the day, but fell by more than one dollar in the final two hours of trade on Thursday. US oil has lost around 44-percent of its value since June. Market analysts say oversupplied global markets are to blame for the plunging prices. Some major oil producers, including Saudi Arabia, have recently increased crude supplies, leading prices to crash. Many believe oil prices are being used as a political weapon against Iran.

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