With around a fifth of the world’s oil travelling through Strait of Hormuz, the most recent incident there has raised new concerns about global oil supplies.
The oil price has risen by nearly 25% so far in 2019, well in advance of any developed-world stockmarket. But the surge may not get a lot higher from here.
The oil price has risen by 20% this year – far outstripping the stockmarkets. John Stepek looks at the reasons for its rise, and what might happen from here.
Venezuela’s oil output has been decreasing for more than two decades. But what does the current crisis mean for the oil price?
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.
The small Gulf state of Qatar has left Opec, the oil producers cartel, saying it wants to concentrate on gas production.
Since early October, the oil price has fallen by a third to a one-year low of around $60 a barrel. But plenty of people will benefit from that.
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.