The plunging oil prices that peaked at $103 & now at $65, are having far-reaching implications for the global economy, and the Jewish state with the Saudi Oil Minister saying he’ll sell even to Israel.
Oil, once a commercial ace, strategic prince and political joker, is on the skids Hardly half a year since piercing the $100/barrel ceiling and peaking at $103, crude prices this week cracked the $65 floor, as some analysts predicted a $30 barrel sometime next year.
Currency exchange rates in Moscow on Monday, when oil prices fell to their lowest in 5 years.
Israeli New Shekel Exchange Rate