What Really Moves Oil Prices?

[taxfreelt]

What Really Moves Oil Prices?

Over the past two decades, many markets have seen huge rallies and plunges. Each time, the media blames the big move on something outside the market.

You’ve seen it.

In the case of crude oil, for example, the mainstream blames the big waves on supply, demand, and (right now) the current conflict of between Ukraine and Russia.

In this video, EWI CEO Bob Prechter examines to see if the evidence supports the conclusion.

Scheduled to broadcast 3/17/22 8:00pm

Link for registration

[samesheet]

Oil market is really hard to analyse most important data except EIA or API or IEA reports (which are lagging though) are available only under paid subscription. However long-term trades still make senses if you can spot reversals in business cycles as oil follows them closely.

[Josesv]

In the case of crude oil, for example save from, the mainstream blames the big waves on supply

[samesheet]

In the case of crude oil, for example save from, the mainstream blames the big waves on supply

 

Paper and physical markets often tend to diverge often but when paper market comes back to reality volatility rise substantially. Last leg of oil decline was because of that and price could easily make +5/-5 in a day. Crazy market.