Moneycontrol
Dec 23, 2015 09:24 PM IST | Source: Moneycontrol.com

Infographic: Five reasons why crude oil is plummeting

Crude oil prices have plunged over the course of the past one and a half years, falling from a peak of about USD 120 per barrel in June last year to below USD 35 yesterday.

Infographic: Five reasons why crude oil is plummeting
Crude oil prices have plunged over the course of the past one and a half years, falling from a peak of about USD 120 per barrel in June last year to below USD 35 yesterday (Nymex).

The outlook going forward too remains cloudy, analysts say, prompting worries over whether oil could fall further from already-depressed levels.

In the infographic below, we put down five key reasons have oil prices have tanked.













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