What the hell is happening with Crude and Brent?
>Crude and Brent
Brent is a regional (NW Europe) blend of crude and price marker
The other 'crude' you're thinking of is the other most popular price market, West Texas Intermediate.
>Lacklustre global economic growth and thus demand for commodities following periods of significant expansion in crude output
Price falls, fear of glut
>Tension between Iran & KSA
Crude rallies on the prospect of violence and supply disruptions in the gulf
>Expectations of violence diminish but clear that Iran & KSA (two key members of OPEC) will not come to a decision to reign in production levels
Price falls further
>>1028561
Thank you anon, god bless.