“I think oil prices are down for two reasons. One is, there is a lot of supply. There is a lot of supply because the U.S. now produces a lot of oil and there is a lot of supply because the Saudis seem to want to produce a lot of oil, maybe to punish the Iranians and the Russians.” ThinkingWantTwoReasonSeemsProduceOilSaudisOil Price Author:David Wessel
“There is also a concern that there is a lack of demand of oil. And so when commodity prices fall, it's good if you happen to be a consumer, but it's sometimes seen as symptom of a weakening economy.” IfsSometimesHappensFallEconomyDemandConcernOilConsumersCommoditySymptomsWeakeningCommodity Prices Author:David Wessel
