Is Historical past Repeating Itself In The Oil Markets?

It wasn’t that way back, 19 years to be exact, when the typical oil worth was $11.91 per barrel (WTI). Are world circumstances such that we might see that worth once more? Everybody stated that oil costs would by no means fall into the $20 vary, however 14 months in the past oil costs hit a 14-year low of $26.21 per barrel on February 11, 2016. Are we, or higher but, can we actually be wanting on the similar world circumstances that drove these 1998 oil costs right down to document lows that nearly equaled the 158-year common annual oil worth of $11.22 per barrel (WTI)? Theā€¦

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