In the U.S., it feels like spring has finally sprung this last week, along with hopes that the bottom in oil (and stock market) prices is finally behind us. But is it time to buy? There are very clear reasons why oil has bounced hard so far this month, but it is less obvious that these factors are permanent. Looking…
In just 15 trading days, oil prices have managed to plunge another 20%, after a fall of 29% in 2015 and 44% in 2014. While markets took these drops in stride in the past few years, something seems different about the volatile plunge so far in 2016. Why are oil prices so low? And why are the world’s asset markets…
Driving into the gas station this morning, I was thrilled to see I could fill up my car with top-grade gasoline for under $3.00 a gallon (and yes, that is much higher than the U.S. average since I have the fortune to pay Connecticut taxes). With today's news from OPEC, it looks like I can enjoy "cheap" gas for months…
