Oil Prices Hovering At 3-Year Low

by Jeff Brady, NPR

Oil prices dipped below $50 a barrel Thursday. That's a nearly two-thirds drop from the record high of more than $147 in July. While that may sound like pleasant news, the low price is actually a symptom of a weak economy. Since many expect the economy to drag for a year or more, oil prices likely will stay low.

Broadcast Dates

• Morning Edition, November 21, 2008