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