| Slow growth in the global economy, low demand, and comfortable supplies across the world with OPEC nations continuing to pump in more than 30 million barrels per day for most of 2015 was a significant factor in pulling down oil prices.
Besides, robust global inventories in the OECD nations which rose by a notional 1 billion barrels in 2014-15 with the fundamentals suggesting a further build of 285 million barrels over the course of 2016. Hence, the pain on the crude counter has been continuing so long and this is evident in the chart above, wherein crude oil has been consistently falling for three years in a row..............................................Full Article: Source
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