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Surge in the dollar
- Oil prices slumped on Thursday, hit by a surge in the dollar after U.S. President Joe Biden said his administration was looking for ways to reduce energy costs amid a broader surge in inflation.
www.reuters.com/business/energy/oil-climbs-surprise-us-crude-stocks-decline-2021-11-10/Oil prices plunge into close, roiled by inflation fears | Reuters
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Jan 18, 2018 · Between mid-2014 and early 2016, the global economy faced one of the largest oil price declines in modern history. The 70 percent price drop during that period was one of the three biggest declines since World War II, and the longest lasting since the supply-driven collapse of 1986. Real oil prices.
Oct 4, 2023 · Oil prices plunged by more than $5 a barrel on Wednesday over concerns that sharp increases in borrowing costs caused by higher interest rates could dent economic growth.
- Jamie Smyth
Sep 10, 2024 · Oil prices plunged to their lowest level since December 2021, with Brent oil falling 4% to $68.99 on Tuesday. Supply and demand issues, including a slowdown in China's economy, are pressuring...
Jul 18, 2017 · We examine the degree to which economic fundamentals entering the oil price decline explain the impact on economic growth across oil exporting economies, and derive policy implications as to what factors help to mitigate the negative effects.
- Francesco Grigoli, Alexander Herman, Andrew J Swiston
- 2017
Mar 2, 2016 · Understanding the underlying causes of oil price drop is essential to interpreting their macroeconomic effects. The 1985-86 decline was mainly supply-driven, while the drop in 2008-2009 was almost entirely due to a collapse in demand. The recent price decline appears to be a mix of the two.
Nov 21, 2022 · Oil prices plummeted to ten-month lows Monday morning after stark warnings from Chinese officials shed light on the nation’s increasingly worrisome Covid outbreak—highlighting the uncertainty...
Sep 17, 2024 · Why did oil prices suddenly decrease as the COVID-19 pandemic spread? A. There is an unprecedented amount of what we call demand destruction, which is when demand for oil products suddenly disappears.
