The Ups and Downs of Global Oil Prices
Any high school graduate should understand the law of supply and demand. So, why is the oil market so confusing? One can be forgiven if one were to think that the price of crude oil is determined simply by supply and demand. As it turns out, something else is at play in the global oil market. Here is an excerpt from a report by Bloomberg.com. “While oil fundamentals aren’t strong, physical markets do not corroborate the substantial weakness in flat price,” New York-based Morgan Stanley analyst Adam Longson said in a report Monday. The “latest oil pricing pressure appears more
Source: http://wizbangblog.com/2015/09/01/the-ups-and-downs-of-global-oil-prices/
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