Financial trading exacerbated the collapse in crude oil prices in late 2014 and early 2015, said 77% of respondents to a recent Risk.net poll.
Since June 19 last year, when front-month Brent North Sea crude oil futures closed at $115.06 a barrel (/bbl) on Atlanta-based Ice, the benchmark contract has declined by almost 50%. On April 7, the front-month contract settled at $59.10/bbl.
The dramatic descent of crude oil has been pinned on a variety of factors, including an upsurge in US shale oil pr
The week on Risk.net, March 10-16 2018Receive this by email