Price of Oil Takes Another Sharp Drop
November 14, 2014
Abcnews.com - 'Gasoline is an input to almost everything that is made in this economy,' said Michael Noel, an economist at Texas Tech University.
The price of oil took another sharp tumble Thursday as it appeared increasingly unlikely that OPEC members will cut production to reverse a plunge that is entering its fifth month.
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"Gasoline is an input to almost everything that is made in this economy," said Michael Noel, an economist at Texas Tech University.