Oil Takes Another Big Hit

January 11th, 2016 11:43 AM

Oil is putting a damper on the short lived rally today after a devastating week last week. Right now (11:35 Mountain Time 1/11/2016) oil is down 6.4% and sitting at $30.94 per barrel. There is way to much supply out there.

We found some articles explaining what is going on today. Makes you wonder how low oil prices will go. We found a great article:

Articles You Want To Read!

http://www.wsj.com/articles/oil-prices-tumble-weighed-by-china-worries-1452481849

http://www.marketwatch.com/story/energy-companies-set-for-first-earnings-decline-in-48-years-goldman-2016-01-08

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