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re: The Last Time The Price Of Oil Crashed Like This?
Posted on 12/22/14 at 3:06 pm to baobabtiger
Posted on 12/22/14 at 3:06 pm to baobabtiger
quote:
Today the fall is not due to fall in consumption but due to growth in output.
Not necessarily. There is definitely record outputs, but pretty weak to average demand globally.
One of the huge catalysts of oil demand was stronger demand for oil in asia and elsewhere globally. A lot of other economies are still struggling, coupled with record output.
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