Oil Prices Not a Near-Term Concern for Project Spending
Oil Prices Not a Near-Term Concern for Project Spending
SUGAR LAND--November 3, 2014--Researched by Industrial Info Resources (Sugar Land, Texas)--A glut of oil on the global market at a time of decreasing demand has sent crude prices tumbling over the past few months. In October, West Texas Intermediate crude dipped below $80 per barrel for the first time since June 2012, while Brent crude futures dipped into the low $80s, trading at near four-year lows set in November 2010.
The question now looms: "How low is too low?" Check out the latest edition of Industrial Info's NavigatIIR online newsletter to learn more about the anticipated results of falling oil prices, as well as the latest industrial spending trends for the U.S., Canada and Mexico.
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