News Round-up: Oil, Price Wars, Inflation, Swiss Franc Chaos

Hello, and HAPPY NEW YEAR. Here's a round up of some recent business and finance news...

Oil Prices - Who Loses Out?

Yesterdays post looked at why oil prices are falling, and who benefits from cheaper oil. 

Oil Prices - Why They're Falling and Who it Benefits

There has been lots of concern (/celebration) about the falling price of oil recently. In this post and the next I will look at what has caused oil prices to fall, and who it affects. 

How much have oil prices fallen?

The price of oil has fallen from about $115 (£72) per barrel in June to under $65 per barrel,  a decline of almost a half. Brent, the global oil marker, fell to $63.56 a barrel on Wednesday (10/12/14), its lowest level since July 2009 (BBC).