Oil Prices Continue to Fall - KWES NewsWest 9 / Midland, Odessa, Big Spring, TX: newswest9.com |

Oil Prices Continue to Fall

Staff Report
NewsWest 9

Those energy bills may not be as bad if the price of crude oil continues to take a tumble.

Oil prices have dropped to $63.00 a barrel, and they could fall even lower.

The drop comes despite OPEC's decision to cut production next month in order to push prices up.

A research report says oil is being driven by the financial crisis across the globe, not by the oil cartel.

Oil prices peaked in July at $147.00 a barrel.

Powered by Frankly