Crude Oil Falls 5%, Down to $45.85 a Barrel

U.S. stocks continue their downward spiral, in sync will crude oil's downward trend. Crude oil fell an additional 5%, down to $45.85 a barrel - a 6 year low. One Saudi Arabian prince even said that he doesn't believe oil will ever return to $100 a barrel due to falling demand and excess supply. Investors were wary of making any big bets today as they are anxiously awaiting the coming fourth-quarter earnings season. Profit growth is expected to be lower than in the recent past due to all of the analysts' drastic downward revisions for stocks in the struggling energy sector.

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Published on Jan 12, 2015
By InvestorGuide Staff

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