In 2014, Brent front month crude oil futures prices fell from $108 per barrel on January 2 to $57 per barrel on December 31. This report gives an overview of the primary drivers of crude oil price movements in 2014, in particular the substantial price decline that took place during the second half of the year. Factors such as increased global supply of crude oil, lower crude oil supply disruptions, lower economic growth expectations, and currency exchange rate movements are explored in the report. In addition, links are provided to several other published EIA articles with further in-depth discussion of topics related to the oil price decline. After trading in a relatively narrow $10 per barrel range for the first six months of the year and reaching its peak of $115.06 per barrel on June 19, the Brent front month futures price fell sharply and settled at $57.33 […]