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Good news for anyone looking to save a penny or two. The price of oil is continuing its slide from the end of last week. Monday saw Brent crude’s price fall $2.95 to $102.27 a barrel, while US sweet crude dropped $1.13 to just $90.14 a barrel. Declines are credited to ongoing concerns about the Greek Debt Crisis and the weak US recovery.
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The unrest in Libya is affecting the entire world, particularly when it comes to oil prices. They’ve now hit their highest point in over two and a half years! The price of Brent crude has hit close to $120 a barrel, while US Light crude has topped $103. And analysts say it’s probably going to get even higher.
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