OEF Rapid Review Articles
Several factors have played a part in pushing U.S. crude oil prices below $30 per barrel, including high inventory levels of crude oil, uncertainty about global economic growth, volatility in equity and non-energy commodity markets, and the potential for additional crude oil supply to enter the market. Crude oil and petroleum product inventories, both domestically and internationally, have been growing since mid-2014 and are above five-year averages for this date.
U.S. Energy Information Administration (EIA)
LINK TO THE SOURCE ARTICLE:
High inventories help push crude oil prices to lowest levels in 13 years
LINK TO THE SOURCE ARTICLE:
High inventories help push crude oil prices to lowest levels in 13 years