InvestorQ : Will oil prices bounce back and what to watch out for?
Suhani Mirza made post

Will oil prices bounce back and what to watch out for?

Answer
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seema Upadhyaya answered.
2 years ago


In the past, each time oil has touched record lows, it has bounced back sharply. That has not been the case this time around. In the past, any disruption or geopolitical crisis in Middle East and West Asia resulted in a major impact on crude oil prices. That is also not the case any longer. For the time being the US remains the Swing Producer to determine the price of crude oil. At least for now; that does not look likely to change!