In this video I break down the perfect storm behind the 2008 oil spike — booming global demand, tight supply, geopolitical risk and a weaker dollar — then compare it with today’s market.
The interesting part? Oil can now be far below its 2008 peak while drivers still pay more at the pump.
Understanding that difference gives much more context when analysing USOIL fundamentals.
The interesting part? Oil can now be far below its 2008 peak while drivers still pay more at the pump.
Understanding that difference gives much more context when analysing USOIL fundamentals.
UK, London
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
UK, London
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.