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Crude Oil Prices Sink To 12 Year Lows

With crude oil now trading for about 30 dollars U-S per barrel, the big question is just how low can oil go?

Drivers may be benefitting but a massive oversupply continues to bring the price of oil down amid falling world demand.

Senior petroleum analyst Dan McTeague says one world player seems to have made a slight impact on the oil drop.

Russia decided to scale back its production this week and McTeague says that move appears to be slowing down the price drop.

Adding to the mix, McTeague notes Saudi Arabia seems determined to prevent Iran from becoming a major oil exporter.

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May 20, 2026
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