Nearly 30 percent below thus 30$ the barrel crashed the world oil markets. The important barrier crossed the weeks after 2016 showing the way even more down to oil.
The traders and big hedge funds drived oil prices beyond the point of a medium trade in supply and demand.
That consists a major change when the previous 18 months oil's long descent from $100 a barrel was broadly viewed as an often painful, sometimes lumpy adjustment to a fundamentally "new normal" in which OPEC would no longer restrain its supply, leaving U.S. shale drillers to balance the market.
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