oil prices

oil prices

Between 2011 and 2014, when oil prices averaged over $100 per barrel, declining consumption in the OECD and slowing consumption growth in the non-OECD created the conditions for the last oil slump.  If oil prices continue to increase, as most hedge fund managers and oil-exporting nations expect, the same scenario could play out again between 2019 and 2021.  BP photo.

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