| Oil prices have dropped over 10% since September 1. OPEC increased production in September. Global economic conditions are weak. Oil is moving toward contango. Is this a free market response to current conditions, or is it all managed?
The oil price is denominated around the world in US dollars. The US dollar was up better than 7.5% during the third quarter. A stronger dollar weighs heavily on many commodity prices including crude oil...............................................Full Article: Source
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