Wednesday, December 16, 2015
US Lifting Crude Oil Export Ban Accelerates Oil Price's Fall
ANBOUND
On December 14, the Wall Street Journal reports that the United States might lift the 40-year-old ban on crude oil export. According to ANBOUND's research team, once the ban is lifted, the international crude oil market will have another major supplier, and the trend of over-supply will be harder to change. The oil market fears that the supply level keeps increasing, and with the United States joining in as a supplier, the fall of the crude oil price will be accelerated.