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The Final Step Needed for Oil Prices to Recover
The International Energy Agency’s (IEA) report on global oil demand projections, combined with the continuing oil supply glut, pushed oil prices below $30 a barrel.
What we have here is the classic balance of supply and demand. Here, the levels of investment and investor interest in oil and natural gas companies follow a simple logic.
When supply exceeds demand, investors lose interest and prices fall. On the other hand, when demand outgrows supply, investors go back in, raising prices.
But these days that dynamic has been fundamentally altered – half of that equation is no longer in question.
And that leads us to the final step needed for oil prices to recover…
Tags: Crude Oil Prices, oil market, Oil Prices, oil production, oil sector, Oil supply
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