World financial turmoil affect crude oil prices

By Staff Editor | September 16, 2017

Oil prices are now above $91 a barrel, after hitting the eight months low because of significant global economic concern, this concern limits to growth and undermines the global demand for crude oil Space with a world financial crisis still going on animist suspect that oil prices will stay low. In the last three months we have seen that the investors expectations about oil demand have turned completely around as financial crisis and turmoil has sparked serious concerned and foreseen a recession that could have developed in the US and spill into Europe. Green energy enthusiasts are concerned that the lower the prices will go the less investment there will be to rid the US from dependency on oil. 

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