why is oil price so low
Since oil prices are the lowest theyâve been in nearly six years, I thought it was important to address why this massive price drop took place, and talk about what effect this has had on the economy, as well as where I believe oil prices are headed in the near future.ther companies will also benefit as input costs for their products is decreased since oil is so cheap. In the next few weeks I would predict that oil will remain somewhat stagnant, but volatile, around $50 a barrel, there has also been word that cuts to production will be happening.