Since June 2014, the price of oil has plummeted to less than $50 per barrel from more than $100. Although forecasters seem to think the price will rebound, there is not much consensus on when that will happen. A recent MoneyBeat report showed that analysts predict the price of oil could end 2015 anywhere between $52 and $84 a barrel.
In the world of distress, the effects of low prices are already beginning to be felt by some in the industry.
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