Never Mind $35, The World’s Cheapest Oil Is Already Close to $20
As oil crashed through $35 a barrel in New York, some producers were already living with the reality of much lower prices. A mix of Mexican crudes is already valued at less than $28, an 11-year low, according to data compiled by Bloomberg. Iraq is offering its heaviest variety of oil to buyers in Asia […]
The case for and against an interest-rate hike
Should the Fed raise rates? On December 16th, the Federal Reserve, the American central bank, will take what could be a historic decision: the first interest-rate increase since before the iPhone was invented. The last time the Fed raised rates was in June 2006. The credit crunch and financial crisis followed soon after and rates […]