Sustained decline in crude prices over a long period has been to the benefit of some segments of midstream oil & gas worldwide. The slump in crude is expected, for example, to significantly reduce costs of bunker fuel prices. This is because costs associated with oil form one of the major input costs for any transportation company. Despite the recent rally, crude prices have been hovering around the $55 a barrel mark for quite a while. This represents a significant decline from the approximately $105 per barrel witnessed in July last year. In fact, oil prices have been fluctuating lately after hitting a 6-year low of under $44 in Mar 2015.
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