Summary
As people headed to the polls yesterday, they finally heard some good news about oil prices - they briefly dropped below $50 a barrel for the first time in a month. The result should be lower prices at the gas pump, eventually.
Crude oil futures for December delivery fell $1.63 on Monday, closing at $50.13 a barrel. The price dipped to $49.30 during the day's trading, the lowest level since Oct. 4.See the full content of this document
Extract
Behind the Oil Price Drop
If the price of crude remains down, gas prices should also fall, especially in areas where there is competition among supplie...
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