36 20 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Falling to levels we haven t seen in seven years. the price of crude dropped three below $35. of course it s now up around 26.20 i should say 36.20, but still, oil is closing in on the low it hit during the financial crisis in december of 08 when i what down to 3 24 0 a barrel. analyst says the reason is a growing concern about oversupply. deidre is here. it is all about oversupply. the u.s., saudi arabia, other oil producers have been just going at full tilt so the world has a lot of oil. in fact, congress looking at a decision this week, to perhaps start allow letting the u.s. export oil for the first time. the president said no. we ll see what congress does. the idea for the first anytime 40 years we have so much oil, you can thank the shale boom for ....

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