The biggest question on every investor’s mind right now is, “Will oil prices rise in 2016?”
Crude oil prices fell below $33 for the first time since 2003 as China’s stock market crash continues to drive investors out of the energy sector.
As tensions in the Middle East escalate, investors fear how the Saudi-Iran conflict will affect oil in 2016.
It’s not yet clear exactly how many oil jobs were lost in 2015, but many estimate the number surpassed 200,000.
The past 18 months have delivered one of the worst oil price crashes in history.
WTI crude oil prices today were down 1.3% as the U.S. benchmark finishes out its third straight weekly loss thanks to oversupply concerns and an interest rate hike.<
The United States might start exporting oil for the first time in 40 years.
The KMI stock price hit an all-time low of $15.73 a share on Tuesday.
The plunge came after the firm shocked Wall Street with a surprise announcement.
OPEC Meeting 2015: Oil officials from all 12 OPEC countries met at the Vienna headquarters today.
As expected, the meeting concluded in bitterness among members.
Energy investors are asking, “Why are oil prices dropping today?”