Oil prices end energy deficit

I gather that the env s oned o l pr ce outlook change w ll cut

1.5 po nts out of the 2019 CPI. It w ll also help a lot for the current account def c t obv ously. As such, w th the $60 per barrel Brent pr ce, n 2019 the current account def c t may narrow down further to $20-22 b ll on. It s now head ng down as we speak, poss bly to sl ghtly below $30 b ll on by the end of the year. Accord ng to many energy analysts, of wh ch the famous James D. Ham lton s not the only h ghbrow example, o l pr ces were kept stagnant at around $100/barrel for almost 9 years because Ch na and the rest of the develop ng world had h gh demand, supply was quas f xed and to equ l brate, the developed world had to cut back ts demand for o l.