Why oil price drops?

Discussion in 'Business & Economics' started by Saint, Nov 25, 2018.

  1. Saint

    Saint Valued Senior Member

    Messages:
    4,752
    Why did oil price drop recently?
     
    Saint, Nov 25, 2018
    #1

  2. Google AdSense Guest Advertisement



    to hide all adverts.
  3. Seattle

    Seattle Valued Senior Member

    Messages:
    8,874
    Why not?
     
    Seattle, Nov 25, 2018
    #2

  4. Google AdSense Guest Advertisement



    to hide all adverts.
  5. sculptor

    sculptor Valued Senior Member

    Messages:
    8,476
    fracking
    (cheaper than deep sea drilling)

    and
    the dollar is rising
    (maybe? because the fed is tightening?)
     
    Last edited: Nov 25, 2018
    sculptor, Nov 25, 2018
    #3

  6. Google AdSense Guest Advertisement



    to hide all adverts.
  7. billvon

    billvon Valued Senior Member

    Messages:
    21,646
    More supply (Arabs selling more, some tight oil supplies being opened up)

    Less demand (fuel efficiency of cars, trains, ships and aircraft rising since the 1970's, and China is seeing a slowdown in demand)

    Enjoy it while you can; prices will be rising again soon. The Arabs can't keep their output at this level for long.
     
    billvon, Nov 25, 2018
    #4
  8. sculptor

    sculptor Valued Senior Member

    Messages:
    8,476
    and
    hedge funds have been divesting their oil futures contracts recently.

    some think that we could see $39.00 oil soon
    (based on the inflation adjusted low of 2016?)
     
    sculptor, Nov 25, 2018
    #5
  9. spidergoat

    spidergoat pubic diorama Valued Senior Member

    Messages:
    54,036
    Trump is helping ignore a murder for the Saudis, of course they will ramp production up for the holidays. We are amoral pigs.
     
    spidergoat, Nov 26, 2018
    #6

Share This Page