Crude

Albany NY

Description

Covid hit when? Drove prices down, why? Prices rose as consumer demand increased and supplies could not keep up, when and why? And please don't just shove back Biden, look at primary data sources over a period of time, like a year versus selecting one day in time, prices fluctuate. Macro and Micro trends have excellent graphics. Here is a fun chart: Col 1 Ave., Col 2 Low, Col 3 High 2016 $38.70 $26.66 $46.72 Dollar fell 2017 $48.98 $44.03 $57.44 OPEC cut oil supply to keep prices stable 2018 $61.34 $42.80 $67.79 2019 $57.95 $49.71 $65.42 2020 $37.22 $16.74 $53.87 Pandemic reduced demand 2021 $65.85 $49.52 $77.15 2022* (Q1) $94.68 $77.46 $106.00 Russian invasion of Ukraine created uncertainty about global supply