oil price crash

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This Crude Oil Price Chart Shows Every Crash Since 1985

By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 - December 23, 2015
The past 18 months have delivered one of the worst oil price crashes in history.
After all, WTI crude oil prices have plunged 67.4% since June 2014.
But this crude oil price chart shows that it's only the second-largest bear market for oil in the last 30 years...

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This Crude Oil Price Chart Shows Every Crash Since 1985

By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 - December 23, 2015

The past 18 months have delivered one of the worst oil price crashes in history.

After all, WTI crude oil prices have plunged 67.4% since June 2014.

But this crude oil price chart shows that it's only the second-largest bear market for oil in the last 30 years...

Oil Price Crash Could Lead to Emergency OPEC Meeting

By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 - August 28, 2015

There has been a big oil price crash over the last few months.

Thanks to a worldwide supply glut and weakening Chinese economy, crude oil prices have fallen nearly 30% since May.

Now, one country is desperately trying to develop a strategy to save oil prices before its economy collapses...

Jim Rogers: "Don't Give Up on Commodities"

By Tara Clarke, Associate Editor, Money Morning • @TaraKateClarke - August 26, 2015

Legendary investor Jim Rogers just spoke with BBC's Radio 4 on Aug. 24, now known as "Black Monday" - the day commodities crashed to their lowest level in the 21st century.

Brent crude oil prices, the international benchmark, have plummeted 18.8% in August so far, dipping below $44 a barrel. Futures have fallen 38.6% from the 2015 high of $69.94 seen just over three months ago. WTI crude oil prices have fallen even more - the U.S. benchmark has tumbled 20% this month, 34.6% this year, to hit below $39 a barrel.

There are ample reasons to be pessimistic about commodities right now.

But according to the famously contrarian Rogers, investors shouldn't rule out a comeback for the depressed sector...