The Big Picture podcast

Oil and the price equation

The oil price was hovering just over $70 per barrel in mid-June, but by early September was just above $90. This sharp and rapid rise has been attributed to a Saudi strategy of removing supply, but the buoyant demand is also crucial as higher prices have not affected the world’s appetite for black gold. Tom Nelson discusses the price equation and implications of the recent rally.

13 Sept 2023

14 minutes

Tom Nelson

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Authored by

Tom Nelson
Portfolio Manager

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