Oil pours from a spout at Edwin Drake’s original 1859 well that launched the modern petroleum industry at the Drake Well Museum and Park in Titusville, Pennsylvania, US. The factors driving lower oil prices in October and November are likely to fade as supply constraints bite. Demand remains solid and is likely to hold up as global growth continues. Photo: Reuters
Hannah Anderson
Opinion

Opinion

Macroscope by Hannah Anderson

What the rise and fall of oil prices says about asset markets

  • Hannah Anderson says the dip in prices in October after steady increases all year was due not so much to changes to the fundamentals, but new expectations. Markets move on investors’ risk perceptions, even if they’re not based on reality

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Oil pours from a spout at Edwin Drake’s original 1859 well that launched the modern petroleum industry at the Drake Well Museum and Park in Titusville, Pennsylvania, US. The factors driving lower oil prices in October and November are likely to fade as supply constraints bite. Demand remains solid and is likely to hold up as global growth continues. Photo: Reuters
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