Global economy slowing down

Crude oil closed below $44.00 a barrel, suggesting there are underlying weaknesses not only in the energy sector but in the global economy. It is becoming more clear the Brexit vote was just enough to slow demand from a path of market balance to the perception of continued oversupply. The break that may put oil on a path to test $40 will also put more pain on the oil sector that is now going to be forced to make more cuts in spending and reduce our long-term future supply even further.

http://www.futuresmag.com/2016/07/26/price-gloom