What Next For Oil?

Oil rig silhouette

2014 generated a huge volume of news on the turbulent activities of oil on the market, as price fluctuations led to increases in travel costs and a rocky market.

Then, lack of demand globally, coupled with a drop of almost fifty percent in crude prices, left banks rapidly revising their predictions.

The question is, does the activity we saw across 2014 give any indication of what the future holds for oil, or can this valuable commodity recoup some of its value?

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