Oil prices fell on Thursday, with brent
crude oil trading around $49 a barrel. That comes a day after the American
Petroleum Institute reported that oil inventories rose by 9.3 million barrels
last week. That means the amount of oil on the market is still very high, and
analysts think that high supply will keep prices near historic lows for some
time. That is all bad news for a number of countries with economies based on
oil. Here & Now’s Jeremy Hobson takes a look at the impact on countries
including Russia, Iran, Venezuela and Saudi Arabia with Moisés Naím, a
distinguished fellow at the Carnegie Endowment for International Peace. More… 
Friday, October 16, 2015
How Low Oil Prices Are Hitting Russia, Iran And Venezuela
Oil prices fell on Thursday, with brent
crude oil trading around $49 a barrel. That comes a day after the American
Petroleum Institute reported that oil inventories rose by 9.3 million barrels
last week. That means the amount of oil on the market is still very high, and
analysts think that high supply will keep prices near historic lows for some
time. That is all bad news for a number of countries with economies based on
oil. Here & Now’s Jeremy Hobson takes a look at the impact on countries
including Russia, Iran, Venezuela and Saudi Arabia with Moisés Naím, a
distinguished fellow at the Carnegie Endowment for International Peace. More… 
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