Understanding the US Oil Market and How Pricing Affects Investor Decisions
There is no doubt that the US places a heavy emphasis on the oil markets, both domestically and internationally, as both citizens and industry are heavily dependent upon its production and pricing to meet daily consumption needs. With oil prices hitting an all time high in 2008, economic speculation has been generated both supporting the continued price movement and suggesting that there will be a market correction within the year. Both positions are based upon recent current events and traditional investor behavior. To understand the pricing of oil and how it affects investor decisions, there are several important economic events and factors to become familiar with.