State of the crude oil market

Pavel Hála | Analyses | 9. 3. 2015

Crude oil has come through a massive sell-off. There are three main causes that led to this situation. Most important one is the oversupply caused by rising production in the US (fracking), other causes are strong dollar (US economy in good shape) and weak international demand (China slowing down). Although current downturn is severe, it…