Year In Review: One year after the crude oil price crash Via San Antonio Business Journal

Year In Review: One year after the crude oil price crash

It was last Thanksgiving that OPEC made a decision that would send economic shockwaves throughout the world.

Led by Saudi Arabia, the organization decided to keep oil production steady despite falling commodity prices. The resulting global supply gut and declining demand sent crude oil prices falling to where they are today around $40 per barrel.

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