Forecasting the Price of Oil

Oil is a closely watched commodity, and when its price moves, whole industries and whole economies can be shaped and defined. With the price of oil’s decline in December 2015 to below $35 per barrel for the first time since 2009, the U.S. oil exploration and production (E&P) sector has slowed to a blip of its previous boom. The price of oil is so critical to the operation of E&P companies ...

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Oilman Jan-Feb 2018

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