Oil prices plummeted in October on the back of clear signs of a pick-up in supply, rising US crude stocks and concerns about slower global growth. US sanctions on Iran’s oil may bolster prices in the near term, but we expect a market surplus in 2019 to lead to further falls in prices.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services