August 23, 2019

Oil Price Watch November 26th 2011

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Oil prices continued to fall this week (but only marginally) as demand side fears about the European debt crisis and poor US economic data weighed more heaviliy than worries about a possible European ban on oil imports from Iran and a fall in US inventories.

This is just a short update – next week I plan to also use the Oil Price Watch to explore the issue of long run oil price trends.

Price at end of week: $106.73 (down from $107.56 end of last week)

Read the Oil Price Watch Overview here