Implications of Oil Price Fluctuations on Global Trade
Oil, often referred to as “black gold,” has long been a cornerstone of the global economy. Its price fluctuations can send ripples through the world’s financial markets, affecting everything from the cost of filling up a car to the price of food on supermarket shelves. But how do these fluctuations in oil prices impact global […]
Oil Tanker Stocks Are Buoyant Amid Crude Price Crash
As the price of crude oil slumped below zero this month, one segment of the equity market got a boost from the unprecedented situation. Benchmark US oil contracts for immediate delivery1 fell to minus $40.32 a barrel on Apr. 20, the first time ever they registered a negative value. The unusual pricing, which technically means producers […]
