The price of oil has tumbled in recent weeks, just as stocks have lost their footing. John Stepek looks at what a rebound in crude would mean for investors.
A couple of years ago, Dominic Frisby picked oil as the best five-year trade you could make. Now it’s in the doldrums, he revisits his trade to ask: what next?
The oil price has fallen along with virtually every other asset. But keep an eye on it, says John Stepek. An upturn could signal a wider market recovery.
A month ago, the price of Brent crude oil hit a new four-year high of more than $86 a barrel. In a spectacular reversal of fortune, it is now in a bear market, having plummeted by more than 20%.
The oil price has crashed back down to earth recently. John Stepek emaines why, and explains what it means for the global economy.
Hedge funds are betting that the oil price will top $100 per barrel in 2019, which will drive up global inflation.
The oil price is creeping up – something Donald Trump isn’t too happy about. John Stepek looks at whats behind the rise, and what Trump could do to stop it.
Oil prices reached four-year highs of around $80 this week. And the fundamentals of the market point to even higher prices in the short term.
Fracking for oil has made the US energy independent. Its effects have spread far beyond the energy markets, says John Stepek, shifting the global economy’s balance of power.
Commodities guru Jim Rogers thinks the current oil price is a floor, not a ceiling – but his favourite picks are gold and silver.
Brent crude had been trading at under $45 a barrel. Now it’s around $70 – and it could be a very long time before we see prices that low again.