Oil falls after record week

ICE Brent meanwhile closed at $107.56/bbl after hitting a new record of $108.02 earlier in the day.

The lower prices follow yesterday’s record price of $110.33/bbl after reaching $111, the highest since trading began in 1983.

The recent rise of crude prices has been attributed to both the falling value of the US dollar and a strong fundamental picture.

Some analysts questioned how long the high prices could continue as the threat of US recession-driven demand erosion continued to build.


To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: