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 importantly is the oversupply caused by rising production in the US (fracking), other causes are a strong dollar (US economy in good shape) and weak international demand (China slowing down). Although the current downturn is severe,…