Monday, December 1, 2014

Oil Takes A Dive: Great For U.S. Consumers, Terrible For Russia And Venezuela

For Americans, cheap oil means less money spent each time you fill up on gas, and more to spend on everything else. But in countries depending on oil revenues, oil’s plunge is bad news.



OPEC Secretary-General Abdullah al-Badri arrives for a news conference after a meeting of OPEC oil ministers at OPEC's headquarters.


Heinz-Peter Bader / Reuters



Bloomberg




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