Over the last 5 month the prices for oil dropped by about 40% leaving many market commentators with anticipations of further drop. Albeit there is no laws of nature that prohibit another leg down, this scenario seems to be of low probability. The reasoning behind this rather bold prediction lies in the realm of the fundamental forces shaping the trends for the price of oil.
As any other other price, set in the free market place, the oil price is subjected to two fundamental forces – demand in t…
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