Oil Prices Ravaged By Financial Turmoil
Green Car Congress
FEBRUARY 9, 2018
Oil prices fell back suddenly over the last few trading sessions, dragged down by some forces beyond the oil market. dollar has helped drive up crude prices for weeks , but that came to an abrupt halt last week. A rebound for the greenback led to a steep decline in oil prices on Friday. At the same time, sudden turmoil in the broader financial system also bled over into the oil market. The price slide is due to a general worsening of sentiment.