• Trump praises Saudi Arabia for lowering oil prices, urges cheaper crude

    23 days ago - By RT

    US President Donald Trump has praised Saudi Arabia for the recent plunge in oil prices, likening it to “a big tax cut” that could boost the US and global economies.
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  • Oil Price Plunge May Make Drivers Glad-But Global Economies Shudder

    Oil Price Plunge May Make Drivers Glad-But Global Economies Shudder

    23 days ago - By Fortune

    Just last week it looked like oil prices were recovering from a slide. Not anymore. And while that make may drivers happy with lower costs at the gas pump, the overall economy may fare worse.
    Yesterday saw the lowest crude prices this year. And while things have recovered slightly today, traders are nervous because the immediate future is cloudy. Production is at a high in the U.S. , currently the world's largest source.
    Output in Libya has been up and Venezuelan production has remained steady despite domestic instabilities, the New York Times reported. Add in the ongoing trade war between...
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