Why Economic Growth Alone Won’t Fire up Oil in 2014

Breaking Energy 2014-01-06

Summary:

Oil Drops To $96 A Barrel As Energy Prices Decline 1.4 Percent In April

  Like any other asset, crude oil trades on supply as well as demand. And while an improving U.S. economy can be expected to boost the demand for oil, a stronger supply picture should take any wind out of oil’s sales in 2014. “Although the U.S. economic growth story might make it seem as though

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Tags:

dealmaking brent crude oil prices oil oil demand oil markets oil prices oil supply wti crude futures wti crude oil

Authors:

CNBC

Date tagged:

01/06/2014, 16:16

Date published:

01/06/2014, 10:00