NEWS
Market Matters
Katie Micik DTN Markets Editor
Thu Oct 16, 2014 02:06 PM CDT

Crude oil prices have plummeted more than 20% since June, hitting four year lows, and for those of us in the Midwest, that means gasoline prices now (or will soon) sport a $2 per gallon price tag. At least the price of one of farmers' input costs is going down.

Surging U.S. oil production and declining global demand has shifted the supply and demand situation, but the role of the Organization of Petroleum Exporting Countries (OPEC) is perhaps more interesting. Several articles, like this one from Bloomberg (http://bloom.bg/…), explain that OPEC wants to pressure U.S. shale producers into ...

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