Oil Price Volatility Will Only Get More Extreme
Economic concerns have sent oil traders rushing for the exit and increased the likelihood of extreme volatility in oil prices.
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Economic concerns have sent oil traders rushing for the exit and increased the likelihood of extreme volatility in oil prices.
RBC Capital Markets' strategist Helima Croft shares her view on the oil price following a dip to sub $70 a barrel level last week.
Oil prices rose 2% as U.S. recession fears eased. Brent crude and U.S. West Texas Intermediate gained, supported by a healthy jobs report. Find out more about the market conditions, demand, and supply outlook in OPEC's latest report.
Higher interest rates and falling demand for consumer goods have led to diesel demand falling, leading analysts to warn of a recession.
While the dividend increase is attractive, the oil price uncertainty might not be enough to attract investors.