Tag Archives: OPEC Cartel

Oil Slides to Near 6-Year Low; Saudi Arabia Holds Firm Despite Supply Glut

By Heesu Lee – Jan 25, 2015 – Bloomberg News Oil fell to the lowest level in almost six years as signs that Saudi Arabia’s new king will maintain its production policy and rising U.S. crude inventories bolstered speculation that … Continue reading

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Oil Breaks $60 Threshold for First Time in 5 Years

By CLIFFORD KRAUSS – The New York Times – December. 11, 2014 HOUSTON — The American benchmark price for crude oil broke the symbolically important $60 a barrel mark on Thursday for the first time in over five years, underscoring a remarkable … Continue reading

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