Who Profits From Plunging Oil Prices?

Americans are getting some "badly needed relief" at the pump, said Stephen Moore at Fox News. The price of oil has plummeted this year, falling more than 25 percent since June alone, to just over $80 a barrel. The reasons are varied: Slowing economies in Europe and China are driving down demand, and the supply of oil has increased, thanks to fracking in the U.S.

Topics:  stephen moore   fox   news   june   europe   china   u.s a   u.s    oil   prices   year   

 

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