What's Fueling the Drop in Oil Prices?
Submitted by Kaizen Financial Advisors, LLC on December 31st, 2014I bet you’ve noticed that gas prices have dropped significantly lately. On the New York Mercantile Exchange, a barrel of light sweet crude is currently worth well under $60. Prices have dropped more than 25% in a month and almost 45% year-over-year. What is behind this freefall? How long will prices keep dropping, and who does this development hurt and benefit?1