Petroleum prices decline, but EIA forecasts strong demand

Petroleum Prices Decline, but EIA Forecasts Strong Demand


Petroleum prices declined this week on news that demand could be declining because of inflation. Crude oil traded on the New York Mercantile Exchange closed at $91 per barrel this week, which is a decline of $31 (25 percent) from its high of $122 in mid-June. Brent crude oil closed…

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Alex Mills is the former President of the Texas Alliance of Energy Producers. The Alliance is the largest state oil and gas associations in the nation with more than 3,000 members in 305 cities and 28 states.


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