Oil Prices, ETFs Hit Low - Now What?
Posted on December 07, 2008 at 06:28 AM EST
As oil prices drop to their lowest levels in three years, with subsequent lows in oil exchange traded funds (ETFs), the masses may be rejoicing now. But the long-term prospects may not look so welcoming. Oil prices are floating just below $50 a barrel, nearly $100 per barrel cheaper than its peak in July, according to ...