That Saudi Arabian oil giant Saudi Aramco was able to borrow so cheaply on the markets is odd, says John Stepek.
The oil price is at its highest in three years. And there’s plenty of evidence that it will remain high. John Stepek explains why, and what it means for you.
Increasingly robust global growth is driving demand for oil and pushing up the price. But the global economy may not be able to cope with oil at $100.
The market is bullish on oil at the moment. And that’s likely to continue. John Stepek explains why, and picks the cheapest way to play it.
Stocks may be having a hard time of it this year, but oil is faring better.
Opec has joined forces with Russia to mop up much of the oil market glut by agreeing to curtail production.
US oil production eclipsed ten million barrels per day last December, and has nearly caught up with the record set during the Texas oil boom 47 years ago.
The price of oil has now reached $70 a barrel for the first time since early 2015, and is still rising. But unless there is a serious supply disruption, it’s unlikely to go much higher.
The oil price has made a steady recovery since it crashed in 2014. But that could have far reaching consequences for equity markets, says John Stepek.
Raw-materials prices rose sharply in 2017 – and they have made a strong start to 2018, too.
The price of Brent crude hit a two-year high yesterday. John Stepek looks at what that might mean for the global economy – and for inflation in particular.