Crude Oil Price Skid Isn't Lubricated By Supply And Demand, Bank for International Settlements Says

A big boost in debt in the crude-oil industry may be a more important factor than supply-and-demand issues are in the collapse of the commodity's pricing during the past eight months, the Bank for International Settlements, or BIS, indicated in a report Saturday. U.S. benchmark crude's price per barrel was $107.95 June 20, according to Federal Reserve Economic Data, or FRED.