Oil Markets on the Brink

October 2014
International Economy;Fall 2014, Vol. 28 Issue 4, p6
Academic Journal
The article focuses on 33% decrease in the benchmark Brent crude price from 115 dollars per barrel in August 2014 to a mid-November low of 74 dollars in October. It is noted that forecasts of stronger global economic growth reassured large exporters while the earlier forecast of 32 million barrels per day lulled the fears of oil exporters.


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