NEWS.com.au | What's really going on with the oil price NEWS.com.au After falling nearly 60 per cent from a peak last June, the price of oil bounced back more than 20 per cent as January turned to February. Then, on Tuesday, it sunk 5 per cent, closing just above $US50. Oil has fallen or risen by 3 per cent or more on ... Low oil prices will have knock-on effects of deflation and environmental harm Oil on wild ride; How will it end? |