Publications: Notes at the Margin

Oil at the Precipice? (April 12, 2021)


On September 28, 2018, an expert on world trade published a column on the future direction of oil prices. The piece was titled "The Upward March of Oil Prices Shows Few Signs of Stopping."[1] His forecast was dead wrong. WTI prices plunged from $75 per barrel on October 1, 2018, to less than $50 at the end of the year. Oil markets today are poised for a similar fall.


[1] Gary Clyde Hufbauer, “The upward march of oil prices shows few signs of stopping,” The Hill, September 28, 2018 [].


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