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SUPPLY AND DEMAND, PRICES AND COSTS: REBLANACING THE OIL MARKET

Supply and Demand, Prices and Costs: Reblanacing the Oil Market

Study Released October 24, 2016

Commodity Report - Crude Oil - September 2016

It has been almost two and a half years since the price of oil plummeted bringing changes and enormous attention to the industry and its future. After the crash in 2014, the market has been waiting to reach a new equilibrium. Rebalancing was expected in 2015 and 2016, and now has been moved further to 2017. Some may suggest that there is some sort of balance in the market already: for the last 6 months, since April, the WTI price stabilized around $45 per barrel, and has not gone lower than $40/bbl, except for one day in August..... Download full report.

September 2016