ALJAZAM News January 5, 2015
This is Al Jazeera America. Live from new york city, im tony harris, and we begin with a big drop in oil prices. Crude oil dropped to under 50 a barrel at one point today and closed just over that mark. Thats a drop of more than 50 since june. Now the big dip in price. Caused stock markets to double. Major indices dropped. Ali velshi joins us. Ali why do we see drops like what we saw today . 50. 04 always trades, unlike the stock market that closes and opens, its trading all the time. Put this aside for the second. The dow off more than 330 points, thats not the lowest part of the day the s p ...