Drop in Current Oil Price May Lead to a Repeat of 2008

Crude oil prices in 2012 have dropped by more than $25 per barrel. This makes some people worry because it may lead to a repeat of 2008.

BofA: Oil Price Drop will Lead Venezuela to Deep Recession

Bank of America says that Venezuela will face a deep recession in 2013 with a drop in crude oil prices and a decrease in government expense.

Rescue Package for Spain and Failure of Iran Talks led to Crude Oil Price Increase

Crude oil price increased after a rescue package became available for Spain and the failure of talks between Iran and the U.S.

Declining crude prices and the economy: What lies ahead

Declining crude prices resulted to cheaper gas but economists say that this could be telltale signs of an impending recession.