Faculty News

Professor Joseph Foudy discusses the recent decrease in oil prices

Excerpt from CCTV -- "'It’s really just a combination of supply and demand factors. On the demand side, from China, we just see much lower demand for oil than was expected. At the same time, the U.S. and Europe are getting more efficient. And that’s basically run head into increasing supply in the Middle East. We’re now looking at Iran being fully open with all the sanctions being lifted, and it's just the perfect storm for oil prices,' said Professor Joseph Foudy, NY University Stern School of Business."

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