Oil prices are dropping?

Oil prices are dropping?
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Answer :

answer:Yes. The reason: The declining prices reflect the combination of robust world crude oil supply growth and weak global demand, which have caused global oil inventories to rise Figure 1. Recent events, including the Organization of the Petroleum Exporting Countries’ (OPEC) decision in late November to maintain its current crude oil production target, have raised expectations that oil supply growth will continue contributing to rising inventories through the first half of 2015. Source
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