Oil Prices Plunge On New Worries About Global Economy
Oil prices have not been this low since last October (2011). Oil plunged below $90 a barrel ($89.90/bbl), down $1.95 just yesterday, on new worries about Europe’s mess and how it will slow down the global economy. Oil prices are down more than 14% in just May 2012 alone. Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, joins Fox News’ Your World with Neil Cavuto to discuss how the impact of falling oil prices could help boost the economy.
Ed Butowsky is the managing partner of Chapwood Investment Management and is an internationally recognized expert in the investment wealth management industry. Ed is also a frequent guest on other networks such as CNN, NBC, ABC, Fox News, Fox Business, and Bloomberg to name a few.