Crude Oil and the World Market
Crude Oil and the World Market
May has been an interesting month in the crude oil futures market. The crude oil market has sold off more than 25% of its value in the
last month. It has gone from trading at over $90 per barrel down to $67 per barrel. The selloff has been based on two primary concerns; First, the continuing slowdown in Europe and secondly, the
growing strength of the U.S. Dollar. However, commercial …