Newsroom & Financials

Outlook for the Global Oil Market

Posted 01/14/2015

Over the past several months, U.S. consumers and businesses have been pleasantly surprised by sharply decreasing oil and gasoline prices. Since mid-June, the price of crude oil has declined about 50 percent from over $100 per barrel to about $50 at the beginning of January. To explain why oil and gasoline prices have decreased so rapidly and what we might expect to happen in the coming months and years, OUTLOOK recently sat down with Greg Priddy of the Eurasia Group. Read more...

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