Oil prices have recovered somewhat from the lows we saw in 2015 and early 2016. Still, the price is down by more than half as compared to its high of a couple of years ago. The price of crude oil currently sits just below $50 per barrel as of this writing.
The oil bubble, and its subsequent bust, is one of the few examples we have seen of a bubble/ bust scenario since 2008/ 2009. The Fed has pumped in a lot of money since 2008, and interest rates have remained near historic lows...............................................Full Article: Source
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