Oil Market Review

April Newsletter 2020: Oil Market Review

Brent prices hits a new low not seen since the 1990s on an oversupplied market in a demand destruction environment

Brent hits a 20 year low on Saudi, Russia price war and Covid-19 demand destruction.

Brent hits year low on worries about Coronavirus disrupting global demand.

Crude price on Middle East tension before falling on concerns about coronavirus’s impact on global economy

Crude prices recovered as trade tension wears off and OPEC agrees to extend cuts.

Crude prices remain volatile after September attacks due to on/off global trade tensions.

Crude oil prices plunge amid escalating global trade tensions and political uncertainty

Brent-crude-oil-price-June-2019

Brent continues to recover on Middle East tensions but is suppressed by trade war and supply concerns.

Brent-crude-oil-price-June-2019

Brent recovers from May19 to above $65 on Middle Eastern tensions and recovering trade relations