KQED Nightly Business Report January 13, 2015
Rainy today. Stocks pushed down by tumbling Energy Prices which neared fresh sixyear lows by the end of the session. Global supplies outstripped demand and just today Goldman Sachs last forecast on oil calling for further declines in the prices in the year ahead. At the nymex today, domestic Oil Prices Fell another 4 . Down 2. 29 a barrel. Closing at 46. The lowest since april of 2009. Foreign brent crude was down even more falling 2. 68 a barrel. The lowest since march of 09. With oil prices in freefall, many are asking not just how low can oil go but how low is too low. Jackie dangelis has m...