Oil prices have plunged nearly 20% this month - Jul. 28, 2015

The world still has too much oil.



China's crashing stock market and the meltdown in the metals market may be getting all the attention lately, but crude oil is quietly crumbling once again. Oil has plunged nearly 20% this month alone and it briefly dipped below $47 a barrel on Tuesday. That leaves it flirting with the March lows, which was the weakest price since 2009.



Oil prices have plunged nearly 20% this month - Jul. 28, 2015