The -30% fall in crude oil prices already seems excessive


09 Aug

The -30% fall in crude oil prices already seems excessive

The recession scenario has spread quite widely in the financial markets for several months, pushing commodity prices down significantly. Oil prices have thus fallen by almost -30% since their double top in March and June above $120/b. The US WTI price ($87.8/bbl) is now close to its October 2021 level again and is trading almost (...)

Demand will remain in excess and will not be offset by already low inventories 

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