Why the Precipitous Decline in Oil Prices? Adapting to Changing Expectations

Lynne Kiesling Oil prices have declined since their July high, but the decrease has been particularly precipitous in the past week. As of 8:23 EDT this morning, the NYMEX future price is $91.73/bbl. Less than $100! Why? Here are my off-the-cuff thoughts: 1. Financial market instability Oil prices are a leading indicator of expectations of … More Why the Precipitous Decline in Oil Prices? Adapting to Changing ExpectationsMore Why the Precipitous Decline in Oil Prices? Adapting to Changing Expectations