U.S. Oil Prices Flirt With $31 a Barrel - WSJ:
"Oil prices fell toward $30 a barrel Monday as a persistent global glut of crude continues to weigh on the market.
Oil prices have plunged since mid-2014 and are down more than 10% already this year. The energy rout has roiled global markets, as energy-producing companies and countries have struggled to cut costs amid lower revenue. Energy stocks slumped Monday, helping drag down broader indices. Energy stocks slumped Monday, helping drag down broader indices.
Drivers are enjoying the cheapest gasoline prices in years, with the U.S. prices at the pump averaging $1.965 a gallon Monday."
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