Is The Oil Market Really Broken? ...Middle East

OILPRICE - Economy

“The oil futures market is completely broken. Moving down $10 in a day for no apparent reason,” tweeted hedge fund celebrity Pierre Andurand this week. Indeed, volatility these days is not what it was just a couple of years ago. Yet it may be a little excessive to claim the market has broken in an echo of the EU’s claims that the gas market there no longer serves its purpose. The degree of oil price volatility has changed but the sources of this volatility have not. As always, it’s about fundamentals, the economy,…

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Last updated : 05 September 2022 clock 02:12 AM

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Is The Oil Market Really Broken? ...Middle East

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