Oil isn’t crashing, it is being manipulated by the Arabs to force out oil produced through fracking, which has a higher cost to produce than oil from the middle east.
Yep while we watched cowboys get whupped and ate turkey today OPEC met and forced the drop knowing that quiet a few Texas Permian basin producers can’t be profitable when oil drops below 75$ a barrel or so I read somewhere yesterday.... I think that was the meat of the report....