Oil Prices Plummet.. Why And What Does It Mean?

I had mentioned previously that the decline in manufacturing in China has led to significant declines in oil consumption. This has led to a glut in the oil supply, leading to a reduction in oil prices.

Since beginning this article, Brent Crude oil prices have taken the steepest cut in history. Meaning since that benchmark was established in 1985.

A complex issue. Oil production and prices are a complex balance of cooperation and competition between oil producing countries. Too much oil produced leads to prices plummeting to…

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Russell Meyers For President 2024

Russell Meyers For President 2024

I am running as an Independent for US president in 2024. Peace, Humanity, Prosperity for ALL Americans.