Wall Street is bullish on oil. So why are prices falling?
Discrepancy between futures markets and forecasts shows how uncertainty and volatility make projections difficult
After authorizing the largest release ever from the U.S. emergency Strategic Petroleum Reserve, the Biden administration is signaling it will soon try to refill the stockpile. WSJ explains how this strategy can lower gas prices, and why some are skeptical that it will work. Illustration: Ali LarkinMany oil traders and analysts believe prices over the coming months will far exceed those at which crude can be bought in the futures market now.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Oil prices slide on concerns over China's demandOil prices dropped in early trade on Tuesday, weighed down by concerns about slowing fuel demand in top crude importer China amid strict COVID-19 curbs.
Leer más »
Despite dip in LA County gas prices, protestors slam oil companies after record-high profitsIn some areas, the cost of a gallon of regular gasoline is well under $5, but during a protest outside of the Phillips 66 refinery in Wilmington, some people called out big oil companies over alleged 'price gauging' and reported record-high profits.
Leer más »
Asia shares, oil prices rally as China speculation swirlsAsian shares rallied on Tuesday as Beijing's latest move to support developers boosted the property sector and rumours swirled that recent public unrest might prompt an earlier loosening in COVID-19 restrictions.
Leer más »
Economic reports, 2023 market volatility, oil prices and more: Tuesday's 5 things to knowStrategists predict markets volatility in 2023 because it has not yet factored in the likelihood of a recession. Home prices reports and consumer confidence reports are due Tuesday.
Leer más »
Oil prices move higher on hopes China will relax COVID curbsOil futures rise as traders see signs China may ease up on COVID-19 restrictions following a wave of protests.
Leer más »
Oil prices touch pre-Ukraine war lowsSix months ago, the world seemed at risk of running dangerously short of oil and gas due to Russia's attack on Ukraine. Now, oil prices are back to pre-war levels and prices at the pump are falling.
Leer más »