After all the speculation about whether speculators were behind this summer's oil price spike, there seems to be widespread agreement (see here, here, here, here, here, and here) that the more recent backslide in oil prices is due to one cause: a fall in worldwide demand.
Demand. That's almost as old-fashioned as proper tire inflation. In fact, it's connected. But weakening economies, from the US to China, will be needing less oil. Price goes...
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