The oil price slump could be toxic for markets

Oil's boom and bust in the '70s and '80s had enormous consequences for financial markets. Today, hints of similar troubles have begun to surface.

As the OPEC meeting in Vienna looms, all talk is on whether members will agree to cut back production to halt falling oil prices.

Oil prices have been steadily declining since June, with both Brent and West Texas Intermediate prices dropping from over $100 a barrel to the mid-$70 a barrel region.


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