Research: Supply-demand for oil Mar 18, 2020 View in your browser Oil’s Supply-Demand Shock By Erik Norland, Senior Economist, CME Group Highlights Oil prices tumbled in 1985-86 and again in 2014-2016. Abrupt increase in oil output precipitated the declines. Current selloff triggered by both supply and demand shocks. Global oil demand has fallen due to spread of coronavirus. Watch video Connect with us on LinkedIn Stay up-to-date on the latest research by Blu and Erik by joining CME Group’s Economic Research LinkedIn group. Connect SEE MORE ANNOUNCEMENTS