There’s been a big drop in oil prices over this week.
As of yesterday evening, the price of crude oil per barrel dropped below $100.
However, local financial advisor Howie Pentony says that may not be a long-term trend.
Oil started up before the problems in the Ukraine, so oil has been increasing. It’s now about $95 per barrel, and I wouldn’t be surprised if it goes back up,” Pentony said.
Pentony says that if prices do rise, it could happen gradually.
In the days after the attack on Ukraine, the price of crude oil leapt to nearly $130 per barrel.
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