World financial turmoil affect crude oil prices

By Staff Editor | June 13, 2024

Oil prices are now above $91 a barrel, after hitting the eight months low because of significant global economic concern, this concern limits to growth and undermines the global demand for crude oil Space with a world financial crisis still going on animist suspect that oil prices will stay low. In the last three months we have seen that the investors expectations about oil demand have turned completely around as financial crisis and turmoil has sparked serious concerned and foreseen a recession that could have developed in the US and spill into Europe. Green energy enthusiasts are concerned that the lower the prices will go the less investment there will be to rid the US from dependency on oil. 

Related posts:

  1. Oil Prices Fall as Economy Falters US consumers may be celebrating the recent fall of gas prices, but a number of disturbing fundamentals lie behind this seemingly positive development . If we examine the underlying causes for the recent...
  2. Home Prices | US Markets | Fixed-Rate Mortgage That Dream Home May Be in Your Reach So many families in the US have watched over the past decade as house valued drifted further and further out of reach. While some borrowed...
  3. Could A Run On The Banks Occur? One of the most powerful images of the Great Depression is of the tragic run on the banks. When depositors became panicked that banks could not cover all of their obligations, they stampeded...
  4. What’s Next for the EUR/USD? What’s Next for the EUR/USD? For the past three years, Americans have watched in shock and horror as their currency fell increasingly far behind the Euro, an upstart currency that seemed destined to...
  5. Turbulent Times "Everything is overpriced," said Harry Rady, chief executive and portfolio manager of Rady Asset Management. "A very long, protracted recession is still very much alive."...

Comments are closed.

« | Home | »