Oil prices are likely to continue facing downward pressure as the year progresses, stemming from an oversupply amid weak demand. The downward pressure placed on oil prices will probably be exacerbated later this year due to seasonal factors, which include the end of the summer driving season. First off, I would like to point out […]
Archive:
WTI
Consumers around the world are being indirectly taxed through record high gas prices. This of course hurts consumers’ pockets and can raise inflation fears. We wanted to take a look at the crack spread between WTI crude prices and US petroleum prices as measured by the Energy Information Agency. We outline the results below. The […]
Energy prices are showing absolutely no signs of abating; those peak oil theorists may be on to something (at least in the short-run). We just don’t see oil prices coming down significantly without a considerable reduction in demand; through improved fuel efficiency or a considerable economic slowdown. Now that we have settled that, we want […]