Oil price shock of 2014 halves to sub-$60 by year end
The 2014 oil market swung from above $100 to about $60 a barrel, then near $50 as demand waned and OPEC kept output steady. U.S. production surged to 9 million barrels per day, boosting profits for shippers and airlines while U.S. drivers paid about $2.38 a gallon.
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