Definition of vegetation. 1 : plant life or total plant cover (as of an area) 2 : the act or process of vegetating. 3 : inert existence.
In late July, markets reacted to a drop in oil prices. WTI crude oil price fell to $42.41 per barrel, the lowest price since mid-April, when it closed at $39.78. Futures dropped 12.2%. The Brent crude price per barrel was down 11% in late July.
Raise your hand if you expected to see this chart for America's crude oil benchmark West Texas Intermediate, or WTI, in 2014. WTI Crude Oil Spot Price data by YCharts Don't feel bad if your hand isn't up.It's virtually impossible to accurately predict where oil prices will go next.t the end of 2013 its 2014 oil price forecast for WTI was officially $95 per barrel, however, it estimated that there was the potential for oil to trade between $115 on the high end and $66 on the low end. Looking ahead to 2015 it sees a similarly wide range, which can be seen in the following chart.