Revelation 6:5,6 NCV When the Lamb opened the third seal, I heard the third living creature say, "Come!" I looked, and there before me was a black horse, and its rider held a pair of scales in his hand. Then I heard something that sounded like a voice coming from the middle of the four living creatures. The voice said, "A quart of wheat for a day's pay, and three quarts of barley for a day's pay, and do not damage the olive oil and wine!"
World oil prices are continuing a downhill slide amid fears the world economy is slowing and could go back into recession.
Brent crude oil fell to near four-year lows and the US standard, West Texas Intermediate, lost more than a dollar. Brent has lost almost 28 percent of its value since June.
The slide comes as economic news makes it appear the world is facing another slowdown or possible recession. China’s consumer inflation fell to a five-year low this week and prices for U.S. producers fell for the first time in a year.
Also, US crude oil inventories rose at a level almost four times higher than previously estimated by analysts.
The news led to downward rallies on Wall Street with the Dow losing hundreds.
World leaders from oil producing countries are calling for emergency meetings to try and stop the slide in oil prices. The International Energy Agency is cutting predictions for oil growth in 2015 as a result of the recent conditions.
