Video: 2016 Oil Prices And Market Explained In 5 Minutes

Ahead of OPEC's Nov. 30 meeting in Vienna, Austria, see why the price of oil has stayed so low for the past two years and the key factors to watch regarding future oil prices.

Nov 23, 2016

Ahead of OPEC's Nov. 30 meeting in Vienna, Austria, see why the price of oil has stayed so low for the past two years and the key factors to watch regarding future oil prices.

Latest in Economy
Intuitive and Flexible Distribution ERP
Sponsored
Intuitive and Flexible Distribution ERP
April 17, 2024
Federal Reserve Chair Jerome Powell participates in a Washington Forum on the Canadian Economy, together with Tiff Macklem, Governor of the Bank of Canada, Wednesday, April 16, 2025, in Washington.
Fed's Powell: Elevated Inflation Will Likely Delay Rate Cuts This Year
April 17, 2024
A Target store in midtown Manhattan, March 19, 2024.
Consumer Sentiment Falls Slightly as Inflation Outlook Worsens
April 15, 2024
A tanker at a Chevron gas station in San Francisco, Oct. 23, 2023.
U.S. Producer Prices Rise, but Less than Economists Expected
April 12, 2024
Related Stories
I Stock 1778337289
Economy
Cutting Tool Orders Up 9% in February
A Target store in midtown Manhattan, March 19, 2024.
Economy
Consumer Sentiment Falls Slightly as Inflation Outlook Worsens
A tanker at a Chevron gas station in San Francisco, Oct. 23, 2023.
Economy
U.S. Producer Prices Rise, but Less than Economists Expected
Distribution Business Management
Sponsor Content
Distribution Business Management
More in Economy
Distribution Business Management
Sponsored
Distribution Business Management
Acumatica looks to offer new solutions.
April 17, 2024
Federal Reserve Chair Jerome Powell participates in a Washington Forum on the Canadian Economy, together with Tiff Macklem, Governor of the Bank of Canada, Wednesday, April 16, 2025, in Washington.
Economy
Fed's Powell: Elevated Inflation Will Likely Delay Rate Cuts This Year
Vigorous consumer spending can keep inflation elevated because it can lead some businesses to charge more.
April 17, 2024
A Target store in midtown Manhattan, March 19, 2024.
Economy
Consumer Sentiment Falls Slightly as Inflation Outlook Worsens
Americans appear to be "reserving judgment" about the economy.
April 15, 2024
A tanker at a Chevron gas station in San Francisco, Oct. 23, 2023.
Economy
U.S. Producer Prices Rise, but Less than Economists Expected
March's increase was the highest in nearly a year.
April 12, 2024
Apple iPads displayed in a Costco warehouse, Sheridan, Colo., March 17, 2024.
Economy
Consumer Inflation Remains Elevated, Likely Delaying Fed Rate Cuts
The figures reflected a third straight month of inflation readings well above the Fed's 2% target.
April 10, 2024
I Stock 1432762669
Economy
Manufacturing Technology Orders Down More than 26% in February
Contract machine shops continued to decrease their orders, while aerospace saw a jump.
April 9, 2024
Federal Reserve Chair Jerome Powell during a news conference in Washington, March 20, 2024.
Economy
When Will the Fed Cut Rates?
As the economy flexes its muscles, maybe later — or not at all.
April 9, 2024
Waitress Rachel Gurcik serves customers at the Gateway Diner, Westville, Pa. Oct. 22, 2023.
Economy
U.S. Employers Add Surprisingly Robust 303,000 Jobs in March
As the nation’s consumers continue to spend, businesses have kept hiring to meet demand.
April 5, 2024
Federal Reserve Board Chair Jerome Powell speaks at the Business, Government and Society Forum at Stanford University, Stanford, Calif., April 3, 2024.
Economy
Fed Chair Still Sees Rate Cuts This Year
Recent inflation numbers do not "materially change the overall picture."
April 5, 2024
I Stock 1500558452
Economy
Manufacturing Index Shows Growth for First Time Since 2022
The March PMI indicated expansion after 16 consecutive months of contraction.
April 2, 2024
A Mini dealership in Highlands Ranch, Colo., July 21, 2023.
Economy
Want Prices to Start Falling? Careful What You Wish For
Falling prices tend to discourage spending.
April 1, 2024
The WestRock Paperboard Mill in Solvay, N.Y., Jan. 16, 2024.
Economy
U.S. Economic Growth Revised Up to 3.4%
The report also suggested that inflation pressures were continuing to ease.
March 29, 2024
I Stock 1355381823
Economy
Metalformers' Outlook Remains Steady in March
Nearly one-quarter of respondents expected an increase in business activity.
March 27, 2024
Federal Reserve Board Chair Jerome Powell during a news conference in Washington, March 20, 2024.
Economy
Fed Still Foresees 3 Rate Cuts This Year, but Fewer Cuts in Future
Federal Reserve officials kept their benchmark rate unchanged for a fifth straight time.
March 20, 2024
I Stock 459229485
Economy
Fed Likely to Preach Patience as Markets, Consumers Look Ahead to Rate Cuts
The central bank is expected to play it safe at this week's meeting.
March 19, 2024