Oil Prices Drop $4 In Last 48 Hrs.

Oil prices have dropped over $4 In the last 48 hours bringing the price of oil below $50 a barrel. This is the lowest oil prices have been since last November as crude has held steady over $52-$54 in the last 6 months.

Some experts claim this is a quick dip and oil prices will rebound quickly, while others predict this is something bigger that the industry should be concerned about.

Follow Oilfield1 to stay up to date with the latest oil prices & industry news.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s