Oil Prices Fell 35 Percent in 2015 — So What Does That Mean for 2016?
LONDON -- The bumpy oil ride is not over yet. Crude prices dropped a whopping 35% last year and are hovering around $37 a barrel. That's a level not seen since the global financial crisis. It won't get better any time soon. Most oil experts believe prices will bounce back in late 2016, but they expect more pain first.