Detailed text transcripts for TV channel - FOXNEWS - 20151214:20:52:00
Falling to levels we haven't seen in seven years. the price of crude dropped three below $35. of course it's now up around 26.20 -- i should say 36.20, but still, oil is closing in on the low it hit during the financial crisis in december of '08 when i what down to 3'24"0 a barrel. analyst says the reason is a growing concern about oversupply. deidre is here. >> it is all about oversupply. the u.s., saudi arabia, other oil producers have been just going at full tilt so the world has a lot of oil. in fact, congress looking at a decision this week, to perhaps start -- allow letting the u.s. expo...
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