The price of oil on global markets has collapsed almost 60% since June 2014, punching a big hole in the pockets of the big producers and creating thousands of job losses. The falling price of a barrel of oil has made headline news around the world as demand fails to match supply. But we’ve been here before – as veteran financial journalist Mickey Clark remembers.
Subscribe to BBC News HERE http://bit.ly/1rbfUog
Check out our website: http://www.bbc.com/news
Instagram: http://instagram.com/bbcnews Video Rating: / 5
The Schork Report publisher Stephen Schork on the outlook for oil prices. Video Rating: / 5