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What are some reliable sources showing the cause for the decline of global oil prices please...

What are some reliable sources showing the cause for the decline of global oil prices please use Journal articles ,Official Reports from Agencies ,Press releases, Research Institutions: University, Government, Articles

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Answer #1

The causes for decline in oil prices (concluded from a reliable source) are :-

1) due to appreciation in the value of dollar, are the commodity's prices are mostly in dollars, there prices falls and dollar appreciates.

2) over supply of oil from OPEC - over supply of oil causes it's prices to decrease.

3) demand is decreasing - as the machineries, and vehicles are becoming more efficient, the demand of oil is decreasing, eventually decreasing its price

Hence, the global oil prices are declining.

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