Oil price slump: after the big short, a painful recovery


In depth
Issue 316 - 28 Jan 2016 | 7 minute read

There are hopes that following crude’s 70% slump in the past year, oil prices could edge up from their early 2016 lows, as global supply contracts, speculative short positions unwind and demand continues to grow. Recessionary tendencies worldwide are unlikely to go away, and any upward trend in prices is unlikely to give the levels of relief producer governments and international oil companies (IOCs) require to reverse swingeing budget cuts.

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