Oil Market Gyrations Creating an Altered Horizon

The timeframe of November through the first part of December saw levels of volatility in oil prices unseen for years. This article details some of the numbers supporting the shapeshifting market. But, in time, the fundamental drivers of supply, demand and geopolitics will clear up the tattered picture, as it always does. The OPEC decision to leave quotas intact created a tsunami effect for industry players.

However, a slight bit of clarity is emerging as one large oilfield services firm notes some initial observations in production and investment activity around the world.

 

 

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