Sydney Morning Herald | Fall in oil price continues to hurt, not help global economy Sydney Morning Herald The dramatic 30 per cent decline in the oil price, after a 50 per cent drop the year before was a major market event of 2015. Now, a flare-up in Middle East tensions has the world on edge and has triggered a text-book surge in oil prices. On Monday ... Oil prices fell 35 percent in 2015 — so what does that mean for 2016? Iran Promises Cautious Entrance To Oil Market After Sanctions Expire Iran Says Its Planned Boost in Oil Exports Won't Harm Market |