5 Countries Whose Economies Are Being Crushed by Oil Price Collapse

Several countries that produce the world’s crude are getting crushed by low prices.

Oil has collapsed below $37 a barrel, compared to over $100 in mid-2014. Global oil glut, OPEC’s determination to pump like there is no tomorrow, and slowing demand from China and other countries are pushing oil prices to new lows.

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Here are the five countries hit the worst.

Venezuela
Saudi Arabia
Nigeria
Russia
Iraq

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