All oil prices mentioned in this survey are per barrel of WTI. F. The recent volatility in prices is only one of several challenges facing the oil industry. Although at first sight Big Oil seems to be in rude health, posting record profits, this survey will argue that the western oil ...
Oil is commonly referred to as the most volatile of commodities. If you are considering trading in oil or oil derivatives, it helps to understand what factors drive the price of oil and how traders, governments, and consumers influence it. Key Takeaways Traders heavily influence oil prices thro...
1. The economy is slowly cooling down. Expectations of market interest rate cuts overtake or include bets on America's “economic recession.” However, we believe that compared to the unexpected weakening of the economy, the US economy is more likely to show strong resilience: First, the US ...
Since February 25, the price of Brent crude (and WTI) has been going through cycles of lower highs before the price retreats to the lower support level. The question remains—when will the price of oil break out of this pattern and which way will it break—below the lower support level ...
West Texas Intermediate (WTI) is a well-known benchmark for oil prices. The oil futures contract on the New York Mercantile Exchange has WTI as its underlying asset. It is of high quality and contains low sulfur (sweet). The U.S. Department of Energy keeps records of past oil price inf...
What’s Affecting Oil Prices This Week? (Aug. 24, 2020) The Brent-WTI differential is expected to narrow during the week—stemming from WTI gaining support from the hurricanes headed toward the U.S. Gulf Coast. [Editor’s note: This report is an excerpt from theStratas Advisorsweekly ...
Oil price warCovid-19 pandemicVIXEconomic policy uncertaintyGlobal stock marketsOn 20 April 2020, the West Texas Intermediate (WTI) crude oil price dropped to negative levels for the first time in history. This study examines the factors underlying the historic oil price fluctuation during the Co...
‘fair’ price for oil is – a prediction that must take into account the summer driving season, the possibility of new sanctions on Iran, elections in Venezuela and Iraq, continuous OPEC chatter about “mission accomplished or not”, and reports of OPEC kingpin Saudi Arabia aiming for oil ...
The WTI is the benchmark oil for North America and the New York Mercantile Exchange lists futures of WTI crude oil. North Sea Brent Crudeis also described as a light sweet oil due to its low sulfur content. This oil comes from reserves in the North Sea.3The crude finds usage in the ...
Overall, there appears to be a net positive effect on the influence of carbon prices on the system. However, robustness checks identified how the impact of carbon price on CO2 and other variables of the model is still weak. This work sheds light on the EU ETS's influence on a set of ...