Oil Is Falling Again


Why Does Oil Continue to Fall in Price?

Stop us if you've heard this one before. Oil is taking a dive today. Already at a six-year low, it's down nearly 3 percent on the day and is danger of dropping below $42 a barrel. Remember it was over $100 last summer.

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And it seems that supply continues to expand. U.S. crude inventories probably rose last week, according to a Bloomberg News survey, and the American Petroleum Institute reports that supplies rose by 10.5 million barrels last week. 

Before it's here, it's on the Bloomberg Terminal.