Qualified advisers answering your
Financial Questions
call 0800 092 1245

Is The Oil Price Moving To Below $100?

News that the US crude oil price touched a recent low of $105.46 today before closing $5.75 down at $109.71 has given hope to many governments around the world that the great oil surge may be over. Recently there had been growing concerns that tropical storms in and around the US would affect production although this has not yet materialised, even though a number of operations were closed as a precaution. So where next for the oil price?

The down trend in the oil price seems to be back in play with many experts predicting a fall below $100 in the short term. If this were to happen it would likely trigger a number of stop loss limits and see many speculators bail out and conserve any profits that may have made over the last few months. If the oil price was to continue falling this would also take some of the pressure off the UK rate of inflation - although the energy companies have been very smart in pushing their prices ahead before the price of oil falls back too far.

However, if friction in the Middle East or the war of words between Russia and the US were to escalate then this would give speculators the excuse to dive back in and push the price higher.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details