Some smart economists saw the US decline in the demand and thought, “gee, the price of oil must go down.” Yes we all know demand in the US is going down, however, by how much we don’t know, and how much OPEC wants to decrease supply to keep prices about 60per barrel remains to be seen. OPEC is really flip flopping (playing some oil politics) within themselves regarding at what point do they make a full scale decline.
Discuss this topic further in Oil forum.
