The historic drop in crude oil prices is poised to give a clear boost to President Barack Obama both in the US and abroad. “Even President Barack Obama likely would agree that 2014 has been a tough year for him—and he doubtless would welcome a sign that he will catch a break or two in 2015. Well, here’s one: Low oil prices …. are shaping up as a win-win for the president,” The Washington bureau chief of The Wall Street Journal, Gerald Seib, wrote on Monday. Earlier in the day, the price of both Brent and WTI crude hit a …read more
Source: Business Insider
