Research: Oil’s Far-Reaching Impact

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Oil: Global Ramifications of Falling Prices

By Erik Norland, Senior Economist, CME Group


  • US oil production could peak in late 2020 as capital expenditures (capex) falls further.
  • Decline in oil prices could pressure commodity currencies, ag prices.
  • The fall could buffer Covid-19 economic impact in China, Europe, Japan.
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