Oil prices tumble again

Author:
Publish date:

Oil prices fell more than $4 a barrel today following an announcement that OPEC will hold off on production cuts for at least another two weeks.

U.S. crude for January delivery dropped $4.13 to $50.30 a barrel after today’s announcement, according to a report from CNNmoney.com. This compares to a high of $147.27 in July.

Gasoline is now below $2 a gallon in many parts of the United States, compared to nearly $5 a gallon this past summer.

The Organization of Petroleum Exporting Companies will meet Dec. 17 to decide further actions on oil production levels.

Related

Fueling Fishing

The Kenai River Women’s Classic shows how female anglers are generating new markets for fishing gear and clothing, as women comprise the largest group of new participants in the sport.

New Deal for Dealers?

MRAA promises a fresh show experience with next year’s Dealer Week, which replaces MDCE. “It’ll feel like you’re immersed in the event,” says an organizer.

Erich Pfeifer

Marine Travelift CEO Erich Pfeifer has helped pioneer innovations in boat-moving equipment while expanding his company’s global network of clients.