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Written on: October 23, 2015

Oil price decrease

When crude oil prices topped the $50 per barrel mark in the first week of October, this led to some panicky predictions that the “era” of low oil prices was about to come to an end.

Well, of course, that didn’t happen! It didn’t take very long before crude oil prices dipped under the $50 per barrel mark again. In fact, since the summer of 2014, crude oil prices have fallen about 60% from their $100-plus per barrel levels.

So what happened? As usual, this was just a temporary blip in the marketplace. In this most recent case, three main factors emerged, all of which made investors jittery:

At Walton, we stayed calm and carried on

We’ve been at this since founder Clyde Snyder Walton opened a business in 1921 at the corner of Broad and Hancock Streets in Lansdale. We know from more than 90 years of experience that there is no need to panic over the normal daily ups and downs in the energy markets.

We also know that it’s always wise to look at the big picture. Right now, that picture contains a lot of positive signs for the future of heating oil and propane prices. Consider this:

*Source: Short-Term Energy and Winter Fuels Outlook, U.S. Energy Information Administration, 10/6/15

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