This IS helpful for the economy and the American consumer….
Oil prices lost more ground Friday morning, the latest declines in a remarkable 10-week slide that’s greased by concerns about softening demand and, thus far, largely resistant to OPEC’s pledge to tighten the market.
The latest, per Reuters: “Oil prices fell to their lowest since the third quarter of 2017 on Friday, heading for losses of more than 10 percent in a week, as global oversupply kept buyers away from the market ahead of the long festive break.”