This is a massive ouch. Oil prices hit below $90, and this is causing a turbulence within speculators. The oil prices dropped due to the expected increase in supply of oil, which was reported from OPEC.

“The fire along the oil conduit from Canada to the Midwest caused a spike above $95 a barrel Thursday - and renewed speculation that oil was as back on its way to $100. But by the end of New York floor trading it was clear most of the network was quickly returned to service and that the fire-damaged section was expected to be back up in days.”

The oil is just a bit steady due to OPEC messing with the supply, as it was expected to pump 500,000 barrels a day. Oil is going up, and the economy is go so down, that oil is just one factor that investors are worrying about.

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