| Declining expectations for global growth and policy changes at the Federal Reserve weighed heavily on oil prices into the closing months of 2013. For many, this was not entirely surprising given the fact that tapering in US quantitative easing programs marks a significant negative for demand in energy products.
Furthermore, reduced stimulus dampens projections for emerging markets, as well, as slower growth in developed markets means slowing exports and a more limited outlet for manufacturing productivity...............................................Full Article: Source
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