Oil Up, Oil Down : Planet Money The decline in the oil price since the end of October has been stunning in its depth and speed, and follows more than a year of climbing. What changed?
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Oil Up, Oil Down

The price of oil had climbed aggressively from the summer of 2017 through the end of last month — but then it started falling. And falling. And falling. The price of Brent crude fell from $86 to about $66 yesterday, an astonishing decline of 23 percent.

What changed? We look at four potential reasons: U.S. output, exemptions to the sanctions on Iran, decelerating global economic growth, and the strengthening U.S. dollar.

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