Oil Prices Hit Seven-Year Low

The price of a barrel of oil has steadily dropped in the last few months, hitting a low of seven years and dipping under $40 a barrel. Here & Now’s Jeremy Hobson talks with Phil Flynn, an energy market analyst at Price Futures Group in Chicago, about what's caused the drop and how it will affect consumers and the global economy.

Guest

• Phil Flynn, energy market analyst at Price Futures Group. He tweets @EnergyPhilFlynn.

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