Oil is probably one of the easiest out there
Posted on: January 5, 2023 at 08:17:54 CT
meatiger MU
Posts:
133199
Member For:
26.46 yrs
Level:
User
M.O.B. Votes:
0
Correlates very high with supply demand. Middle East is the driver in the supply. When prices go up, production increases outside of the Middle East. At some point the Middle East turns on their stickers and drive price own. Demand more or less correlates with economy. Although the peak of demand will likely slowly come down as cr improve efficiency and fleet moves to more electrical cars.