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Why Oil Price Down

Why Is Oil Prices Going Down

Why Is Oil Prices Going Down


Brent crude, the main international benchmark, was trading at around $53 a barrel on Wednesday. The American benchmark was at around $52 a barrel. Why did the price of oil drop in the first place? This a complicated question, but it boils down to the simple economics of supply and demand..Oil prices settled down on Thursday, snapping a three-day rally after notching another 2016 .


Why did the price of oil drop in the first place? This a complicated question, but it boils down to the simple economics of supply and demand..But since June prices have more than halved. Brent crude oil has now dipped below $50 a barrel for the first time since May 2009 and US crude is down to .Global oil prices in the second week of January,2015 came down to $50 a barrel from $111 in June,2014, almost a 60 fall in prices. This sharp fall in oil prices . A drop in oil prices means less money in the hands of oil producers but more money in the hands of oil consumers. Currently the U.S. is .


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