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oil markets

Oil Price Hangover

March 1, 2010 by Geoffrey Styles
with 148 views
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The price of oil is an odd thing. It's watched by millions of people every day, especially when it reaches uncomfortable levels, yet no two observers agree on all the details of how it's determined. Having traded the stuff professionally, I've always given a lot more credence to the fundamentals of supply and demand than to the... [read more]

Setting Oil Prices

July 23, 2008 by Geoffrey Styles
with 55 views
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As the Congress moves ahead with legislation aimed at reducing the contribution of speculation to high oil prices, it's worth taking a moment to reflect on how oil was priced before the influence of the futures markets became so pervasive, or before they even existed. A quick review reveals that any nostalgia for this earlier, simpler... [read more]