Crude Oil Price Forecast 2015 and 2016 -The crude oil price has relentlessly trended lower all year to an unimaginably low price of $37 of just a few days ago (september 2015), falling from $100 a year ago. The severe bear market has not only caught many market commentators off guard but has had a devastating impact on several major economies that are heavily reliant on high oil prices such as Russia, the gulf states, and other.

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