Current Oil Price

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PS_RalphW
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Joined: Thu Nov 24, 2005 11:09 am
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Post by PS_RalphW »

Oil price is down sharply again att 34 dollars WTI. It may be a month end effect, but it is due to the return of national lockdowns in Europe, and the prospect of president Biden, who will introduce measures to contain covid, with a big drop in US demand
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PS_RalphW
Posts: 5877
Joined: Thu Nov 24, 2005 11:09 am
Location: Cambridge

Re: Current Oil Price

Post by PS_RalphW »

WTI rebound has broken through $50, currently $50.76. Not sure what the current surge is from, may be just coving short positions. UK transport emissions are now back above pre-pandemic levels, as people abandon public transport in favour of cars, easily outweighing the savings from reduced aviation and a doubling of electric car sales.[
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