Oil Still Falls After Hitting A $50 Climb

Weak manufacturing in China has lead to a continued roller coaster ride for oil today. However, prices did continue to go up to about $49 a barrel on Monday.  A 2% decline has come to the table for oil after it rose to about $49 a barrel yesterday which translates to about a 30% rise in just a few days.

Last week, a barrel of oil fell to $38 a barrel for the first time since 2009. So the roller coaster oil ride continues.

Investors being very concerned about the Chinese downturn has been accredited as one of the driving factors for the oil prices falling.