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Changes in Global Energy Supply Balance seen causing falling Oil prices

Oil has dropped into a bear market this year with prices falling roughly 30% since June 2014. Contributions to failing prices lay at the feet of both a weakness in the global economy resulting in weaker demand, and perhaps more importantly, significant increases in oil supply from varying regions of the world. 563 more words

Economics

A Week with Oil Markets (Updated)

As of October 23rd, a floor may have firmed up beneath oil prices in the low $80 range for WTI. Major oil field services firm Halliburton does not see signs of its customers altering production plans at present. 167 more words