What began as a seemingly insignificant downturn in the summer of 2014 turned into the cratering of the energy markets by the summer of 2015. Oil prices began to give way last June, with Brent crude oil dipping under $100 per barrel in September 2014. This was the first time Brent had fallen below this level since a one-week drop in April 2013. Even so, the April 2013 decline only went to $96.84 and quickly recovered; the more recent drop continued its downward spiral.
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