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crude oil chart

This Crude Oil Chart Shows Which Countries Are Reeling

crude oil chart

This crude oil chart shows just how hard the steady oil price slump has hit OPEC countries.

Oil is the foundation of OPEC countries' economies. Their budgets feel a tremendous strain when crude oil prices fall as dramatically as they have.

Brent oil for January delivery traded at $64.59 at noon today (Thursday). That's a drop of more than 41% from the $110 mark Brent hit in June.

The Doomsayers Are Wrong About Oil Prices

According to some prognosticators, the world is going to end. And just before that happens, you are going to lose all your money in the energy market. Why? They rely on three misguided arguments. Here's what they are and why they're wrong.

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