In what has otherwise been a tumultuous year for the oil industry, some good news emerged this week as crude oil prices hit a new 2015 high. Since its $110 per barrel price in June 2014, Brent crude prices have crashed to below $50 per barrel; however, as of Wednesday, Brent crude bucked recent trends and ended the day at $64 per barrel. Unfortunately, this good news came at a cost.
Read MoreBrief Disclaimer: Economix101, Inc. is not an officially licensed analyst/research firm; moreover, investing is a risky endeavor. There is no guarantee that you will make money. There is a very real chance that you will lose money. This site, and its many contents, is to be used as an investment research tool, and nothing more. Please consider all risks before investing. All decisions are made of your own volition. By using this site, you agree to the following terms set out in the below "Terms of Service" agreement, specifically that Economix101, Inc. (and its affiliates) is not responsible for any sustained losses directly or indirectly associated with this site.