Tuesday, February 9, 2021

Biden's Policy and Higher Oil Prices

 Excerpt:

"Since the fall of 2018, oil prices have been in the $50 and $60 range; when the pandemic hit early last year, a lack of demand pushed prices down even further, at one point to under $20 in the spring. Since fall 2020, prices have risen modestly from the $40 range, almost back to 2019 levels of around $50 per barrel."

https://finance.yahoo.com/news/biden-policy-means-higher-oil-prices-goldman-170738261.html








Oil Prices over the past 5 years. Image credit - Yahoo Finance

-

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Oppenheimer and Oscar Economics

This  article  is quite long, but has important modern implications.  Source: Michael Ramirez, The Gazette.

  • Budget 2019 Discussion
    How are you going to contribute to the nations in terms of closing the wealth inequality gap?
  • Malaysia and Economic Recovery
    In Tinta Minda, BERNAMA. Malay article. Excerpt: "Laporan prestasi ekonomi negara pada suku ketiga pada 2020 yang diumumkan Bank Negara...
  • Great Recession vs. Great Depression
    Please read the article by Paul Krugman in the New York Times at the link given below and give your comments as what Malaysia had experience...