Much Like A Roller Coaster, Oil Prices Go Up And Down

Oil-drumsWe know the market as a whole has been down in the dumps but what’s happening with oil? Today’s article discusses oil’s performance, here’s what they had to say, “The commodity had spiked more than 8% to its best close in six weeks on Monday after the U.S. Energy Information Administration cut its estimates of U.S. production and on reports the Organization of Petroleum Exporting Countries was considering cutting its own. However, oil prices pulled back on Tuesday on concerns over weakening demand in China, the world’s second-largest economy.” To read more, CLICK HERE.