Irish Times | Oil's wild ride: How will it end? CBS News NEW YORK - The price of oil is on a wild ride, and there is little agreement on where it's headed. After falling nearly 60 percent from a peak last June, the price of oil has now bounced back 19 percent since late January, closing Monday near $53. Oil ... Low oil prices will have knock-on effects of deflation and environmental harm Oil on wild ride; How will it end? Oil tug-of-war breaks out as some see more lows, others pull for big rebound |