Our oil price decomposition, reported weekly, examines what’s behind recent fluctuations in oil prices: demand factors, supply factors, or some combination of the two
July 15, 2019: Highlights
Oil prices rose in the past week due to lower supply
Over the past week, lower anticipated supply resulted in a rise in oil prices. In 2019:Q1, oil prices rose due to increasing demand.
In 2018, strengthening global…