MarketWatch | Why isn't cheap oil making us feel better? The Seattle Times Because America has become a much larger producer thanks to fracking, we're seeing large layoffs and bankruptcies in the Oil Patch because of low oil prices. Demand is weak in both emerging markets, especially China, and advanced ones, especially the ... Saudi oil minister Ali al-Naimi sees stability returning to oil markets Oil-rich nations are not so rich anymore: That's a problem for the world Saudi Oil Minister Says He's Optimistic Crude Prices to Rise |